Sarafa bazar gold rate today compared with the calculated value
Published 10 Nov 2026 · GoldLive team
The Sarafa bazar gold rate today in Pakistan is the per-tola figure reported by the All Pakistan Sarafa Gems and Jewellers Association, and it can differ from the calculated value on this site. The main reasons are a premium that dealers say is built into the local rate, the exchange rate each one uses, and the time each was set.
The value in the box comes from the world price and the exchange rate. It is not an association rate, and it is not a rate any shop has agreed to sell at. To see the calculated figure in full, open the Pakistan gold rate page.
What is the Sarafa association gold rate?
The All Pakistan Sarafa Gems and Jewellers Association reports a gold rate that the national press prints as the day's price. The name is spelled in slightly different ways. The News uses All Pakistan Sarafa Gems and Jewellers Association, and Business Recorder uses All-Pakistan Gems and Jewellers Sarafa Association, and they appear to be the same body.
The reports we opened give the rate per tola and per 10 grams, for 24K. Dawn said the association's rates are based on interbank exchange rates. We could not find a published formula from the association itself, so the explanation below relies on what the press and dealers have said.
Why does the association rate differ from a calculated value?
Four things can open a gap between the two figures.
A premium over the world price. Bullion dealers told The News in February 2026 that prices in Pakistan are typically adjusted with a premium of around $20 per ounce over international rates, reflecting exchange rate movements, import costs and domestic market conditions. Business Recorder reports have printed the international rate with a premium of $20 beside it. Our calculated value adds no premium.
The exchange rate. The association's rates are based on interbank rates, according to Dawn. Our value uses the exchange rate from our data provider, so the two can be slightly apart at any moment.
The time. The association's figure is reported as a rate for the day, while the world price moves through the trading day. A difference can appear simply because the two numbers were taken at different times.
Rounding. The association's figures work out at about 11.664 grams per tola, and we use 11.6638. The gap this makes is small next to the premium.
This is why our note on the price page says plainly that local association rates can differ from this calculated value. The method page shows how we get ours.
Worked example: what a $20 premium does to the rate per tola
Here is an example with round numbers. They are not today's prices. Assume the world price is USD 3,000 an ounce and USD 1 is PKR 300.
| Step | Without premium | With a $20 premium |
|---|---|---|
| Ounce used | USD 3,000 | USD 3,020 |
| 24K per tola (× 0.375 × 300) | PKR 337,500 | PKR 339,750 |
| Difference per tola | PKR 2,250 |
Each extra dollar per ounce adds PKR 112.50 per tola at that exchange rate, so the size of the gap depends on both the premium and the rupee. To see what 22K would be, multiply the per-tola figure by 22 and divide by 24, as shown in our guide to the gold rate per tola for each carat.
Do shops always sell at the association rate?
No. Dawn reported in January 2026 that jewellers were offering gold at less than the association's rate, and the association's president told the paper that the difference between the association and market rates depends on demand and supply.
So treat the association's figure as a reference point, not as a guarantee. The rate your jeweller quotes can sit above or below it, and it does not include the making charge on a piece of jewellery.
Is the gold rate different in Karachi, Lahore and Peshawar?
People often search for "24k gold rate today karachi" or "22k gold rate in lahore today". The reports we opened gave one association figure and did not break it down by city, and we could not confirm any official city rate.
Shops in different cities can still quote differently, because each sets its own price and its own making charge. Ask for the rate and the carat in writing, then compare it against the 24K calculated rate to see how far apart they are.
Before you pay
- Ask which carat the quoted rate is for, and whether it is per tola or per 10 grams.
- Ask for the making charge in rupees per tola or per gram, written on the bill.
- Ask whether any tax is added. We could not confirm the current sales tax treatment of jewellery in Pakistan from a primary source, so check it on the bill and with the Federal Board of Revenue.
- Use the gold calculator to see how the weight and making charge change the total.
These reports were checked on 10 November 2026. The association's practice and the premium dealers mention can change, so check the current figure before you act on it.
Sources
Common questions
What is the Sarafa bazar gold rate today?
It is the rate reported by the All Pakistan Sarafa Gems and Jewellers Association, usually per tola and per 10 grams for 24K. Our Pakistan rate page shows a separate calculated value, which can differ.
Why is the Sarafa rate higher than the international price?
Bullion dealers told The News in February 2026 that local prices are typically adjusted with a premium of around $20 per ounce. Exchange rates and timing also play a part, as our method page sets out.
Is the gold rate the same across Pakistan?
We could not confirm any official city rate. Reports we opened gave one association figure, but shops in Karachi, Lahore and other cities can quote their own rate and making charge.
Can a jeweller charge less than the association rate?
Yes. Dawn reported jewellers quoting less than the association's rate in January 2026. Check the rate per tola for your carat and compare before you pay.