Gold rates in Pakistan are quoted per tola for 24-karat gold, but jewellery is usually 22K or 21K, sold by weight in tola, masha and ratti, with making charges on top. To know whether a price is fair, you need to calculate it yourself. This guide explains how to calculate gold price by weight and karat, with a worked example, using our free Gold Calculator.
Units of weight
| Unit | Equals |
|---|---|
| 1 tola | 11.664 grams |
| 1 tola | 12 masha |
| 1 masha | 8 ratti |
| 10 grams | 0.857 tola |
| 1 troy ounce | 31.1035 grams (2.67 tola) |
Convert weights with the Gold Weight Converter or Tola to Grams.
Purity (karat)
| Karat | Gold content |
|---|---|
| 24K | 99.9% |
| 22K | 91.6% |
| 21K | 87.5% |
| 18K | 75% |
The formula
Gold value = weight in tola × 24K rate per tola × (karat ÷ 24)
Worked example
A 22K necklace weighing 2 tola 4 masha, with a 24K rate of Rs 380,000 per tola (example).
- Weight: 2 + 4/12 = 2.333 tola
- Purity factor: 22 ÷ 24 = 0.9167
- Gold value: 2.333 × 380,000 × 0.9167 = Rs 812,800
Making charges
Jewellers add making charges for labour, either per tola or as a percentage. If making charges are Rs 15,000 per tola: 2.333 × 15,000 = Rs 35,000. Total: about Rs 847,800.
When selling
Jewellers typically buy back at the gold value minus a deduction for purity checks and wastage, and making charges are not refunded. That is why jewellery is a less efficient investment than coins or bars.
Checking the rate
Gold prices follow international prices in dollars and the rupee exchange rate. Local sarafa associations publish daily rates. Read why gold prices change in Pakistan.
For zakat
Gold is zakatable under the Hanafi view. Value your gold with this method and enter it in the Zakat Calculator.
Frequently asked questions
How many grams are in a tola?
11.664 grams.
How do I calculate the price of 22K gold?
Multiply the 24K rate by 22 ÷ 24 and by the weight in tola.
What are making charges?
The jeweller’s labour charge, added per tola or as a percentage.