Gold rate in Karachi today
The 24K gold rate in Karachi today is Rs 463,909 per tola, Rs 39,773 per gram and Rs 397,734 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 425,250 per tola. Twenty-one karat, common in Gulf-style designs, is Rs 405,920, and 18 karat — the standard for diamond and stone settings — is Rs 347,932. Twenty karat, occasionally quoted for lighter pieces, works out at Rs 386,591 per tola.
Silver in Karachi is trading at Rs 7,209 per tola for 999 fine, or Rs 19,224 per troy ounce.
The Karachi gold market
Karachi is where imported bullion physically enters Pakistan, and that single fact sets the price for the whole country. The trade concentrates around Sarafa Bazaar near Bolton Market in the old city, with a second, more retail-facing cluster around Tariq Road. Because hundreds of dealers compete on the same few streets, margins here are the thinnest in Pakistan — which is why every other city quotes at or above the Karachi rate rather than below it.
Where Karachi sits against the rest of Pakistan
Of the 47 Pakistan markets we price, Karachi is currently the cheapest . Bannu, the dearest market, is a further Rs 210 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 Karachi: 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 Karachi: 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 463,440 against Rs 464,379 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 Karachi today, the kat alone is Rs 289,943. Add the spread and you receive roughly Rs 2,027,548 against a headline value of Rs 2,319,545. How the deduction is calculated, and how to negotiate it, is worth reading before you sell anything.
Buying gold in Karachi
Karachi is one of the few markets where you can reliably get both products quoted side by side: rawa (locally melted, the everyday retail benchmark) and TT-bar (imported tola bars with certified weight and assay). Establish which one you are being quoted before you compare two shops, because the gap between them is not a discount. For anything substantial, the Sarafa Bazaar wholesale end will price finer than a Tariq Road showroom, but expect less on presentation and returns.
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 Karachi rates a gram of 24K gold costs about 64× a gram of 999 silver. Silver rates for Karachi are published in full.
Before you buy or sell in Karachi
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.