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Updated 22 October 2026 · Source: All-Pakistan Sarafa Association
Gold Price History in Pakistan (2000–2026)
24K gold cost about Rs6,150 per tola in 2000 and Rs104,000 in 2020. It hit an all-time high of Rs572,862 in January 2026 and is Rs434,536 today. Here is every year, what drove each move and what it means for buyers.
Gold Price Chart: Last 7 Days to 1 Year
Chart: international gold price converted to rupees per tola (spot × interbank USD/PKR). 7D and 30D use daily prices tracked since 26 September 2026; 90D, 6M and 1Y use monthly averages (World Bank / LBMA data) plus the latest daily price. The Sarafa (APGJSA) rate is shown separately and is usually slightly higher because of the local premium.
Gold Price in Pakistan Since 2000: The Long-Term Trend
Gold in Pakistan has risen about 71 times since 2000, from roughly Rs6,150 to Rs434,536 per tola for 24K. The peak was Rs572,862 on 29–30 January 2026, when international gold touched about $5,505 an ounce. Since then the rate has fallen 24%.
For interactive daily, yearly and 10-year charts, see our gold price chart in Pakistan.
Gold Rate in Pakistan Year by Year
Approximate 24K level per tola for each year, with the 22K and 10 gram equivalents and the change from the year before. Gold moves every day, so a single yearly figure is a guide to the level, not an exact price on a given date.
| Year | 24K per tola | 22K per tola | 24K per 10 g | Yearly change |
|---|---|---|---|---|
| Today (21 Oct 2026) | Rs434,536 | Rs398,325 | Rs372,544 | +17% |
| 2026 high | Rs572,862 | Rs525,124 | Rs491,145 | +54% |
| 2025 | Rs371,000 | Rs340,083 | Rs318,078 | +47% |
| 2024 | Rs252,500 | Rs231,458 | Rs216,482 | +22% |
| 2023 | Rs206,500 | Rs189,292 | Rs177,043 | +33% |
| 2022 | Rs155,000 | Rs142,083 | Rs132,890 | +28% |
| 2021 | Rs120,700 | Rs110,642 | Rs103,483 | +16% |
| 2020 | Rs104,000 | Rs95,333 | Rs89,165 | +33% |
| 2019 | Rs78,000 | Rs71,500 | Rs66,874 | +47% |
| 2018 | Rs53,000 | Rs48,583 | Rs45,440 | +5% |
| 2017 | Rs50,500 | Rs46,292 | Rs43,296 | +5% |
| 2016 | Rs48,000 | Rs44,000 | Rs41,153 | +7% |
| 2015 | Rs45,000 | Rs41,250 | Rs38,581 | -5% |
| 2014 | Rs47,500 | Rs43,542 | Rs40,724 | -9% |
| 2013 | Rs52,000 | Rs47,667 | Rs44,582 | -17% |
| 2012 | Rs62,600 | Rs57,383 | Rs53,670 | +14% |
| 2011 | Rs54,700 | Rs50,142 | Rs46,897 | +42% |
| 2010 | Rs38,500 | Rs35,292 | Rs33,008 | +31% |
| 2009 | Rs29,500 | Rs27,042 | Rs25,292 | +26% |
| 2008 | Rs23,500 | Rs21,542 | Rs20,148 | +34% |
| 2007 | Rs17,500 | Rs16,042 | Rs15,004 | +25% |
| 2006 | Rs14,000 | Rs12,833 | Rs12,003 | +32% |
| 2005 | Rs10,600 | Rs9,717 | Rs9,088 | +12% |
| 2004 | Rs9,500 | Rs8,708 | Rs8,145 | +14% |
| 2003 | Rs8,300 | Rs7,608 | Rs7,116 | +15% |
| 2002 | Rs7,200 | Rs6,600 | Rs6,173 | +10% |
| 2001 | Rs6,550 | Rs6,004 | Rs5,616 | +7% |
| 2000 | Rs6,150 | Rs5,638 | Rs5,273 | – |
2026 changes are compared with the 2025 level.
Why Gold Rose So Much: Dollar Gold vs the Rupee
Pakistan’s gold rate is roughly the international dollar price converted into rupees. So two forces push it up: a rising world gold price and a weakening rupee. Separating them shows which one mattered more.
| Year | World gold ($/oz, approx. avg) | US$ in rupees (approx. avg) | 24K per tola in Pakistan |
|---|---|---|---|
| 2000 | $279 | Rs53.6 | Rs6,150 |
| 2005 | $445 | Rs59.5 | Rs10,600 |
| 2010 | $1,225 | Rs85.2 | Rs38,500 |
| 2015 | $1,160 | Rs102.8 | Rs45,000 |
| 2020 | $1,770 | Rs161.8 | Rs104,000 |
| 2023 | $1,943 | Rs280 | Rs206,500 |
| 2024 | $2,386 | Rs278 | Rs252,500 |
| 2025 | $3,500 | Rs281 | Rs371,000 |
| Today | $4,120 | Rs277.02 | Rs434,536 |
- 2010 to 2025: the Pakistani tola price rose about 9.6 times. World gold rose about 2.9 times and the dollar about 3.3 times against the rupee. Both mattered roughly equally.
- 2022 to 2023: most of the jump came from the rupee falling to around Rs300 per dollar at its weakest, not from world gold.
- 2025 to early 2026: the rupee was fairly stable, so the surge came almost entirely from the record rally in world gold.
World and exchange-rate averages are rounded approximations for context.
Key Moments in Pakistan’s Gold Price History
| Period | What happened | Effect on the tola price |
|---|---|---|
| 2000–2007 | Steady global bull market as the dollar weakened | Rose from about Rs6,000 to Rs17,500 |
| 2008–2011 | Global financial crisis; investors sought safety; world gold neared $1,900 in 2011 | More than doubled to about Rs55,000–62,000 |
| 2013–2015 | World gold fell sharply as the US economy recovered | Dropped to about Rs45,000 |
| 2018–2019 | Rupee devalued heavily ahead of the IMF programme | Jumped to about Rs78,000 |
| 2020 | Pandemic rally; world gold above $2,000 for the first time | Crossed Rs1 lakh per tola |
| 2022–2023 | Political and economic crisis; rupee near Rs300 per dollar | Crossed Rs2 lakh |
| 2024–2025 | Central bank gold buying and rate cuts lifted world gold to records | Rose to about Rs3.7 lakh |
| January 2026 | World gold peaked near $5,505 an ounce | All-time high of Rs572,862 |
| Since February 2026 | Profit-taking, higher US yields and a firmer dollar | Eased to Rs434,536 |
What Rs1 Lakh in Gold Would Be Worth Today
A simple way to see gold’s long-run record in rupees: if you had bought Rs1 lakh of 24K gold (ignoring dealer premiums) in each year below, here is its value at today’s rate.
| Bought in | Price then (per tola) | Gold bought | Worth today | Approx. yearly growth |
|---|---|---|---|---|
| 2000 | Rs6,150 | 16.260 tola | Rs7,065,626 | 17.3% |
| 2005 | Rs10,600 | 9.434 tola | Rs4,099,396 | 18.6% |
| 2010 | Rs38,500 | 2.597 tola | Rs1,128,665 | 15.6% |
| 2015 | Rs45,000 | 2.222 tola | Rs965,636 | 21.3% |
| 2020 | Rs104,000 | 0.962 tola | Rs417,823 | 23.6% |
| 2023 | Rs206,500 | 0.484 tola | Rs210,429 | 21.9% |
| 2025 | Rs371,000 | 0.270 tola | Rs117,126 | 9.5% |
Past performance does not guarantee future returns. Gold can fall for years at a time, as it did between 2012 and 2015 and again in 2026. This is not investment advice.
Gold Price in 2026 So Far
2026 began with gold at record levels. The 24K rate peaked at Rs572,862 per tola in late January, then fell as world prices eased. Today’s Rs434,536 is Rs138,326 (24%) below the high but still about 17% above the 2025 average level.
Last 7 rates
| Date | 24K per tola | 24K per 10 g | World gold ($/oz) | Change |
|---|---|---|---|---|
| Wed 21 Oct 2026 | Rs434,536 | Rs372,544 | $4,120 | ▼ Rs900 |
| Tue 20 Oct 2026 | Rs435,436 | Rs373,316 | $4,129 | ▼ Rs3,600 |
| Mon 19 Oct 2026 | Rs439,036 | Rs376,402 | $4,165 | No change |
| Sat 17 Oct 2026 | Rs439,036 | Rs376,402 | $4,165 | ▼ Rs1,600 |
| Fri 16 Oct 2026 | Rs440,636 | Rs377,774 | $4,181 | ▲ Rs2,800 |
| Thu 15 Oct 2026 | Rs437,836 | Rs375,373 | $4,153 | No change |
| Wed 14 Oct 2026 | Rs437,836 | Rs375,373 | $4,153 | – |
Daily rates are published in our daily gold rate updates.
Lessons from 26 Years of Gold Prices
- Gold protects against rupee weakness. When the rupee falls, the tola price rises even if world gold is flat.
- It does not rise every year. 2013–2015 and 2026 so far show falls of 20% or more from a peak.
- Time smooths the swings. Every ten-year period since 2000 has ended higher than it started in rupee terms, even though some five-year stretches did not.
- Costs matter. Jewellery making charges and kat can cancel a year or two of gains, so 24K bars are better for saving.
- Buy gradually. Buying a fixed amount every month avoids putting everything in at a peak like January 2026. See 24K gold and bars.
Gold Price History: Frequently Asked Questions
What was the gold price in Pakistan in 2000?
About Rs6,150 per tola for 24K gold.
What was the gold price in Pakistan in 2010?
About Rs38,500 per tola for 24K gold, as a yearly level.
What was the gold price in Pakistan in 2020?
About Rs104,000 per tola; it crossed Rs1 lakh for the first time during the 2020 pandemic rally.
What was the gold price in Pakistan in 2023?
About Rs206,500 per tola as a yearly level, after the rupee weakened sharply.
What was the gold price in Pakistan in 2025?
About Rs371,000 per tola as a yearly level, driven by record world gold prices.
What is the highest gold price ever in Pakistan?
Rs572,862 per tola for 24K, on 29–30 January 2026.
Why has gold become so expensive in Pakistan?
Because both the world gold price in dollars and the US dollar against the rupee have risen sharply over the past two decades.
Has the gold price ever fallen in Pakistan?
Yes. It fell from about Rs62,600 in 2012 to about Rs45,000 in 2015, and it is down about 24% from its January 2026 peak.
How much has gold increased in the last 10 years in Pakistan?
From about Rs48,000 per tola in 2016 to Rs434,536 today, roughly 9.1 times.
Where can I see daily historical gold rates?
Our daily updates archive and the weekly tables on this page list each day’s Sarafa rate.
Related Gold Rates and Tools
Rates are for information only and exclude making charges, kat and dealer premiums. Not investment advice. See our disclaimer and methodology. Official daily rate source: All-Pakistan Sarafa Gems and Jewellers Association rates (Business Recorder).