Gold Price in Pakistan — How It's Calculated
Pakistan's gold price is quoted in tola — a traditional South Asian unit equal to 11.664 grams. The daily gold rate is set by the All Pakistan Sarafa Jewellers Association and the Karachi Sarafa Bazaar, based on the international gold spot price (in USD per troy ounce) converted to PKR using the State Bank's daily exchange rate.
Different karat values represent different purity levels: 24K is pure gold (99.9%), 22K is 91.6% pure (the most common in Pakistani jewelry), 21K is 87.5% pure, and 18K is 75% pure. The more karats, the higher the gold content and price per gram.
Pakistan Prize Bonds — How They Work
Pakistan Prize Bonds are government-issued savings instruments managed by the State Bank of Pakistan. They are sold at face value (Rs. 100 to Rs. 40,000) and entered into quarterly prize draws instead of earning regular interest — making them a popular choice for people who want to save in a Shariah-compliant way (no riba). Winning bonds are selected by random draw, and prizes range from a first prize of Rs. 750,000 (on the Rs. 100 bond) up to Rs. 80,000,000 on the Rs. 40,000 premium bond.
Zakat on Gold in Pakistan
Gold is zakatable if the total value of your gold holdings (plus other assets) exceeds the nisab threshold and has been held for one full lunar year. The standard nisab in Pakistan using the silver standard is around 612 grams of silver or its equivalent value in gold. The Hanafi fiqh (followed by most Pakistanis) includes all gold and silver jewelry as zakatable, regardless of whether it is worn. Zakat is calculated at 2.5% of the total market value of your gold holdings above the nisab.
Pakistani banks automatically deduct 2.5% Zakat on savings accounts each Ramadan under the Zakat and Ushr Ordinance 1980 — but this does not cover your physical gold. You must calculate and pay Zakat on physical gold separately, which this calculator helps you estimate.
How to Check Prize Bond Results
Prize bond draws in Pakistan are held quarterly by the State Bank of Pakistan. Results are announced on the SBP website (sbp.org.pk) and National Savings (savings.gov.pk). You can also check results at any National Savings Centre or authorized bank branch. Winning prize bonds must be encashed within 6 years of the draw date.