Gold price in Karachi today stands at Rs. 524,500 per tola for 24K gold and Rs. 44,967 per gram as of March 12, 2026, according to the latest Karachi Sarafa Gems and Jewellers Association update.
The international gold rate is hovering near $5,187 per ounce, keeping local prices elevated across all karat levels. Karachi remains the gold pricing capital of Pakistan, every city from Lahore to Peshawar follows Karachi’s Sarafa market as the daily benchmark for gold rates nationwide.
Karachi Gold Rate Today – March 12, 2026 (All Karats)
Here is the complete live gold price breakdown for Karachi across all major karat levels and weight units.
Live Gold Rate in Karachi – March 12, 2026
| Karat | Per Tola | Per 10 Grams | Per Gram |
| 24K (Pure Gold) | Rs. 524,500 | Rs. 449,680 | Rs. 44,968 |
| 22K | Rs. 480,791 | Rs. 412,207 | Rs. 41,221 |
| 21K | Rs. 459,166 | Rs. 393,475 | Rs. 39,348 |
| 18K | Rs. 393,375 | Rs. 337,260 | Rs. 33,726 |
Rates sourced from Karachi Sarafa Gems & Jewellers Association. Verify live rates at gold.pk before buying or selling.
24K Gold Price in Karachi – Weight-Wise Breakdown
| Weight | 24K Price (PKR) |
| 1 Gram | Rs. 44,968 |
| 5 Grams | Rs. 224,840 |
| 10 Grams | Rs. 449,680 |
| 1 Tola (11.664g) | Rs. 524,500 |
| 50 Grams | Rs. 2,248,400 |
| 100 Grams | Rs. 4,496,800 |
Gold in Karachi increased by Rs. 1,200 (0.23%) compared to yesterday’s closing rate. Over the past 30 days, gold in Karachi has risen by Rs. 2,000 (0.38%), showing a steady upward trend heading into the second quarter of 2026.
Why Karachi Sets the Gold Rate for All of Pakistan
Karachi is not just Pakistan’s largest city, it is the nerve center of Pakistan’s entire gold trading ecosystem. Here is why every other city follows Karachi’s lead:
- Highest trading volume: Most of Pakistan’s wholesale gold transactions happen in Karachi’s Saddar and Jodia Bazar Sarafa markets
- Fastest international price tracking: Karachi’s bullion traders adjust rates the moment COMEX and LBMA prices move, often within minutes
- Primary import gateway: Gold imported into Pakistan historically enters through Karachi Port, making it the first price-discovery point
- Largest jewelry demand: Karachi has one of the biggest retail jewelry markets in South Asia, with hundreds of registered jewelers in Tariq Road, Clifton, and Jodia Bazar
- USD/PKR sensitivity: Karachi’s money market reacts fastest to interbank rupee movements, which directly feed into the gold rate
Because of these reasons, the gold price in Karachi today is effectively the gold price for all of Pakistan. Cities like Lahore, Islamabad, and Rawalpindi simply add a small Rs. 500–1,500 per tola local premium on top.
Gold Rate History – Karachi March 2026
| Date | 24K Per Tola (PKR) | Change |
| March 1, 2026 | Rs. 522,500 | — |
| March 5, 2026 | Rs. 523,000 | +Rs. 500 |
| March 10, 2026 | Rs. 523,300 | +Rs. 300 |
| March 11, 2026 | Rs. 524,500 | +Rs. 1,200 |
| March 12, 2026 | Rs. 524,500 | Stable |
The Karachi gold market has shown consistent upward movement throughout early March 2026, supported by strong international demand and a stable-to-weak PKR against the US dollar.
What Is Driving Karachi Gold Prices in March 2026?
Gold prices in Karachi today do not move in isolation. Several powerful forces are at play both globally and locally.
Global Reasons:
- International spot price is trading near $5,187 per ounce — close to the all-time high of $5,602 set on January 28, 2026
- Central bank buying from China, India, and Turkey is providing a strong structural floor under prices
- US Federal Reserve rate cut expectations are boosting non-yielding assets like gold
- Middle East geopolitical tension is pushing global investors toward safe-haven bullion
Local Karachi Reasons:
- Wedding season demand — March is peak wedding season in Karachi; jewelry buying surges significantly
- PKR depreciation — a weaker rupee automatically makes imported gold more expensive in local terms
- Karachi Sarafa market activity — high local trading volumes reflect strong retail and wholesale demand
- Inflation hedge — with Pakistan’s inflation at approximately 7% in early 2026, Karachiites are increasingly buying gold as a store of value
Where to Buy Gold in Karachi – Trusted Markets
If you plan to buy gold in Karachi, stick to these trusted, well-known markets:
- Jodia Bazar (Sarafa Bazaar), Karachi — Pakistan’s largest wholesale gold market; best rates for bulk buying
- Saddar Bazar — good for both retail jewelry and investment gold
- Tariq Road — popular for branded jewelry and certified goldsmiths
- Clifton & DHA — premium branded jewelry stores with certified hallmarking
Tips before buying gold in Karachi:
- Always ask for a receipt showing karat, weight, and per-gram rate
- Buy from PSQCA-certified or Sarafa-registered jewelers only
- For investment, prefer 24K gold bars or coins, they carry zero making charges
- For jewelry, confirm making charges upfront, these range from 8% to 15% and are not recoverable on resale
- Cross-check the rate with today’s official Sarafa announcement before paying
FAQs – Gold Price in Karachi Today
Q: What is the gold price in Karachi today per tola?
As of March 12, 2026, the 24K gold rate in Karachi is Rs. 524,500 per tola as per the Karachi Sarafa Gems and Jewellers Association.
Q: What is the 24K gold rate per gram in Karachi today?
The 24K gold price per gram in Karachi today is Rs. 44,968 as of March 12, 2026.
Q: Why is gold cheaper in Karachi than other cities?
Karachi is Pakistan’s main gold wholesale hub and primary import gateway. This gives Karachi slightly lower rates compared to other cities, where dealers add Rs. 500–1,500 per tola for transportation and local margins.
Q: How often does the gold rate in Karachi change?
The Karachi Sarafa Association updates gold rates twice daily, once in the morning around 9:00 AM and again in the afternoon around 2:00 PM, based on international prices and the USD/PKR exchange rate.
Q: What is 1 tola of gold in grams in Karachi?
One tola equals 11.664 grams. This is the standard unit used across all Karachi Sarafa and jewelry markets.
Q: Is it a good time to buy gold in Karachi in 2026?
Gold has delivered nearly 77% returns in the past 12 months in PKR terms. For long-term investment, gold remains strong, but expect short-term volatility of Rs. 10,000–20,000 per tola. Buy on dips rather than at peaks.
Final Thoughts
The gold price in Karachi today tells a powerful story, global uncertainty, a weakening rupee, and surging demand have kept 24K gold above Rs. 524,500 per tola in March 2026. Karachi’s Sarafa market continues to be the heartbeat of Pakistan’s gold economy, setting rates that every city, jeweler, and investor follows.
Whether you are buying for a wedding, protecting your savings, or making a long-term investment, always check the latest Karachi Sarafa announcement, compare dealer prices, and buy from certified jewelers only.
For the most accurate live rates, the State Bank of Pakistan’s exchange rate portal at www.sbp.org.pk provides the official USD/PKR data that directly drives Karachi’s gold price every single day.
