Gold rate in Gujranwala today
The 24K gold rate in Gujranwala today is Rs 464,039 per tola, Rs 39,785 per gram and Rs 397,845 per 10 grams. Rates on this page are recalculated throughout the trading day, so the figure you see is the one in force right now.
For jewellery buyers the more relevant grade is 22 karat, currently Rs 425,369 per tola. Twenty-one karat, common in Gulf-style designs, is Rs 406,034, and 18 karat — the standard for diamond and stone settings — is Rs 348,029. Twenty karat, occasionally quoted for lighter pieces, works out at Rs 386,699 per tola.
Silver in Gujranwala is trading at Rs 7,218 per tola for 999 fine, or Rs 19,248 per troy ounce.
The Gujranwala gold market
Gujranwala's gold trade runs on the business community of central Punjab and is weighted heavily towards substantial traditional bridal sets rather than lighter everyday pieces. The sarafa market sits around Sheranwala Bagh. Rates track Lahore closely; where the two markets diverge is on making charges for heavy work.
Where Gujranwala sits against the rest of Pakistan
Of the 47 Pakistan markets we price, Gujranwala is currently the 22nd cheapest . It sits Rs 130 per tola above Karachi, the national floor. Bannu, the dearest market, is a further Rs 80 above here.
That gap is not a markup anyone chose. The metal costs the same everywhere on earth at any given second — what differs is the cost of getting a physical bar onto a counter in Gujranwala: freight from the point of import, insurance in transit, security and storage, and how many dealers compete locally. The live national ranking shows every market side by side.
Selling gold in Gujranwala: what you actually receive
Two deductions sit between the rate on this page and the money in your hand. The dealer buys at the bidding price rather than the asking price — currently Rs 463,570 against Rs 464,509 per tola — and on finished jewellery the traditional ratti masha kat takes a minimum of 12.5% off the weight before any rate is applied at all.
On a five tola set in Gujranwala today, the kat alone is Rs 290,024. Add the spread and you receive roughly Rs 2,028,117 against a headline value of Rs 2,320,195. How the deduction is calculated, and how to negotiate it, is worth reading before you sell anything.
Buying gold in Gujranwala
On a heavy set, insist on making charges per gram rather than as a percentage. On pieces of this weight the difference between the two structures is the largest single variable in the final bill, and a percentage agreement moves against you every time the gold rate rises before delivery.
Whatever else you do, get four figures separately before agreeing anything: the metal rate for the exact karat you are buying, the making charge, the wastage percentage, and the tax. With those four, two shops become directly comparable. With a single all-in price, they cannot be — and a shop unwilling to break it down has told you something about the price.
One more local reference point: at current Gujranwala rates a gram of 24K gold costs about 64× a gram of 999 silver. Silver rates for Gujranwala are published in full.
Before you buy or sell in Gujranwala
These cost people more money than the rate itself does, and each is worth two minutes:
- Never agree a weight without checking the unit. A tola is 11.6638 grams, not 12 — the difference is about 2.9% on every single quote.
- Know what a sale actually pays before you walk in. Ratti masha kat takes a minimum 12.5% off the weight of finished jewellery, on top of the bid/ask spread.
- Making charges, not the gold rate, are what differ between shops. How they are calculated, and why a low charge with high wastage can cost more than the reverse.
- Check the karat before you check the price. What the stamps guarantee and which tests actually prove anything — the magnet test only works in one direction.
- Understand where the number comes from. The full chain from dollar spot to the board outside your jeweller, with today's live figures at each step.