Gold rate in Multan today
Gold Rate in Pakistan Today
Live rates — Karachi Sarafa Market
| Gold Karat | Per Tola (11.66 g) | Per 10 Gram | Per Gram |
|---|---|---|---|
| 24K 24 Karat (Pure Gold) | Rs. 428,500 | Rs. 367,380 | Rs. 36,738 |
| 22K 22 Karat | Rs. 392,792 | Rs. 336,765 | Rs. 33,677 |
| 21K 21 Karat | Rs. 374,938 | Rs. 321,458 | Rs. 32,146 |
| 18K 18 Karat | Rs. 321,375 | Rs. 275,535 | Rs. 27,554 |
Note: These rates are indicative benchmarks from Multan Sarafa Bazar. Actual buying and selling prices at individual jewellers may vary. Always confirm before purchasing.
Multan, the City of Saints, is one of Punjab’s most active and historic gold markets. Whether you are buying bridal jewellery for a wedding, investing in gold bars for long-term savings, or simply tracking daily bullion prices for financial planning — knowing the gold rate in Multan is absolutely essential.
This page provides daily-updated gold prices in Multan for all major purities — 24 karat, 22 karat, 21 karat, and 18 karat — across all common weight units: per tola, per gram, and per 10 grams. All rates are sourced from the Multan Sarafa Bazar and the All Pakistan Sarafa Gems & Jewellers Association (APSGJA).
Gold Rate in Pakistan
Gold Rate in Multan — Historical Price Data
Gold prices in Multan have risen dramatically over the past three years. Below is a summary of how the 24K gold rate per tola has moved:
January 2023 — Rs. 1,75,000 per tola (driven by PKR depreciation) June 2023 — Rs. 2,10,000 per tola (global gold rally) January 2024 — Rs. 2,20,000 per tola (economic uncertainty) July 2024 — Rs. 2,85,000 per tola (USD surge and Fed rate decisions) January 2025 — Rs. 3,32,000 per tola (war premium, PKR weakness) August 2025 — Rs. 4,00,000 per tola (all-time high cycle begins) October 2025 — Rs. 4,67,000 per tola (gold hits $2,750 per ounce) April 2026 — Rs. 5,00,000+ per tola (geopolitical tensions) May 2026 — Rs. 5,20,000 per tola (current rate)
In just three years, the gold rate in Multan has nearly tripled. The primary reasons are the continuous depreciation of the Pakistani Rupee against the US Dollar and soaring international gold prices driven by global uncertainty.
Why Does the Gold Rate in Multan Change Every Day?
Gold prices in Multan are not fixed. They fluctuate daily — and sometimes multiple times within a single day. Here are the six key factors that drive every price movement:
1. International Spot Price Gold is priced globally in US Dollars per troy ounce on the London Bullion Market (LBMA) and COMEX exchange. When global demand rises — due to geopolitical tension, recession fears, or dollar weakness — the price in Multan moves up automatically, since Pakistan’s Sarafa Associations track international rates in real time.
2. USD to PKR Exchange Rate Since Pakistan imports gold and values it in US Dollars, any depreciation of the Pakistani Rupee directly raises local gold prices. A weaker rupee means higher gold rates in Multan even if international prices have not changed. This is the single biggest reason for Pakistan’s historic gold price surge since 2022.
3. Wedding and Festive Season Demand Multan has a strong cultural tradition of buying gold jewellery for weddings and on Eid. Demand spikes during peak wedding seasons (October to December and May to June), which creates slight local price premiums in the Sarafa Bazar. During these periods, making charges at jewellers also tend to rise.
4. Inflation and Interest Rates High inflation drives investors towards gold as a safe-haven asset. When the State Bank of Pakistan raises interest rates, bond yields become more attractive and gold demand may soften slightly. Lower interest rates, on the other hand, push gold prices higher as alternative investments become less appealing.
5. Sarafa Association Daily Announcements Each morning, the Multan Sarafa Association — aligned with the national All Pakistan Sarafa Gems & Jewellers Association — announces benchmark gold rates for the city. Every jewellery shop in Multan uses this announcement as the official starting point for the day’s prices.
6. Geopolitical Events Wars, international sanctions, banking crises, or major political instability cause investors worldwide to rush into gold as the ultimate safe-haven asset. Pakistan’s own political and economic uncertainty has kept local gold demand consistently elevated above historical averages for several years running.
24K vs 22K Gold in Multan — Which Should You Buy?
This is the most common question buyers ask in Multan’s Sarafa Bazar. The answer depends entirely on your purpose.
24 Karat Gold — Best for Investment
24-karat gold is 99.9% pure with no alloy metals mixed in. It is the softest form of gold and not suited for jewellery that will be worn daily. In Multan’s Sarafa Bazar, 24K gold is primarily sold as gold biscuits, bars, and coins for pure investment purposes. It commands the highest price, offers the best resale value, and serves as the benchmark for all gold price calculations in Pakistan.
22 Karat Gold — Best for Jewellery
22-karat gold contains 91.6% pure gold blended with 8.4% other metals such as silver, copper, or zinc. This alloy makes the gold significantly harder, more durable, and resistant to scratches — which is why virtually all bridal sets, necklaces, bangles, and rings sold in Multan are 22K. The price is approximately 8 to 9 percent lower than 24K per gram, but jewellers add making charges on top.
18 Karat Gold — For Modern Fashion Jewellery
18-karat gold contains 75% pure gold and is popular for diamond-studded or lightweight modern jewellery designs. It is less common in Multan’s traditional Sarafa Bazar but increasingly available in branded jewellery stores. It offers a lower entry price and is ideal for everyday modern pieces.
Where to Buy Gold in Multan — Sarafa Bazar Guide
Multan’s gold market is one of the oldest and most respected in Punjab. The city has three major trading areas for certified, hallmarked gold.
Ghanta Ghar Sarafa Bazar is Multan’s most famous gold market, located near the iconic Clock Tower in the old city. Dozens of established shops here sell 24K and 22K jewellery, gold coins, and bars. Prices are benchmarked to the daily Sarafa Association announcement and competition between shops is strong, making it a good place to compare rates.
Hussain Agahi Market is one of Multan’s busiest commercial zones and hosts several reputable gold jewellery retailers catering to brides, families, and investors. It is well known for a wide variety of traditional Multani jewellery designs.
Shah Rukn-e-Alam Area features smaller but well-regarded gold shops, popular among local residents for purchases made on religious occasions and festivals.
How to Calculate Gold Value in Multan
You do not need a special tool. The formula is straightforward:
Gold Value (PKR) = Weight in Grams × Today’s Rate Per Gram for that Karat
Example: 10 grams of 22K gold × Rs. 40,885 per gram = Rs. 4,08,850
For tola calculations: Weight in tola × Rate per tola. Remember that 1 tola equals 11.664 grams.
When selling jewellery back to a jeweller, expect deductions. Making charges are not recoverable. The jeweller will pay only for the raw gold weight at today’s 22K market rate, minus any applicable wastage charges. Always verify the exact weight of your gold before any sale.
Gold Rate in Multan vs Other Pakistani Cities
Gold rates across Pakistan are broadly aligned because all cities follow the same national Sarafa Association benchmarks and international spot prices. Minor city-to-city differences do exist but are usually small.
As of May 2026, approximate 24K gold rates per gram are: Multan at Rs. 44,600, Karachi at Rs. 44,550, Lahore at Rs. 44,570, Islamabad at Rs. 44,580, Faisalabad at Rs. 44,600, and Peshawar at Rs. 44,620.
The differences are negligible — often just Rs. 20 to Rs. 100 per gram. A far bigger price variable between cities is the making charges that individual jewellers apply, which can range from Rs. 2,500 to Rs. 8,000 or more per gram.
Smart Buyer’s Checklist Before Buying Gold in Multan
Check today’s official Sarafa Bazar rate before visiting any shop. The Sarafa Association sets a benchmark every morning — know it before you sit down to negotiate.
Always verify the hallmark on every piece. The purity stamps to look for are: 999 for 24K, 916 for 22K, 875 for 21K, 750 for 18K, and 585 for 14K. Never buy unhallmarked gold under any circumstances.
Always ask for a detailed bill that shows the gold weight in grams, karat purity, gold base value, making charges, wastage charges, and the total price listed separately. A reputable jeweller will never refuse to provide this.
Compare at least two or three shops before making a purchase. Making charges vary enormously between jewellers. This is where you can save thousands of rupees on a single purchase.
For investment purposes, prefer 24K gold bars or coins with purity certificates rather than jewellery. Jewellery involves making charges that are not recovered when you sell.
Avoid buying large quantities during peak wedding months if you are price-sensitive. Demand premiums during wedding season can add Rs. 1,000 to Rs. 3,000 per tola above the base Sarafa rate.
Most Asked Questions About Gold Rate in Multan
Q: What is today’s gold rate in Multan per tola? As of May 2026, the gold rate in Multan is approximately Rs. 5,20,000 per tola for 24K gold and Rs. 4,77,000 per tola for 22K gold, as reported by the Multan Sarafa Bazar. Prices update daily and can change multiple times within a single day based on international bullion markets and the USD to PKR exchange rate.
Q: What is the gold rate per gram in Multan today? The current 24K gold rate in Multan is approximately Rs. 44,600 per gram. The 22K gold rate per gram is around Rs. 40,885. These rates are sourced from the Multan Sarafa Bazar and align with national rates set by the All Pakistan Sarafa Gems & Jewellers Association.
Q: What is the difference between 24K and 22K gold? 24K gold is 99.9% pure and used for investment — gold bars and coins. 22K gold contains 91.6% gold mixed with other metals, making it harder and ideal for jewellery. In Multan, 22K dominates the jewellery market while 24K is preferred by investors.
Q: Where is the Sarafa Bazar in Multan? Multan’s main gold markets are located in Ghanta Ghar Sarafa Bazaar, Hussain Agahi, and the Shah Rukn-e-Alam area. These are among the oldest and most reputable bullion trading centres in Punjab.
Q: Why does the gold rate change every day in Multan? Gold is a globally traded commodity. Daily price changes are driven by international spot prices in USD per ounce, the USD to PKR exchange rate, Pakistan’s domestic inflation, geopolitical events, and local supply and demand conditions.
Q: Is gold cheaper in Multan than in Karachi or Lahore? The difference is minimal — usually just Rs. 50 to Rs. 200 per gram. All cities follow the same national Sarafa Association benchmarks. The bigger price variable is the making charges applied by individual jewellers, which vary far more than city-to-city rate differences.
Q: How do I calculate the value of my gold? Multiply the weight of your gold in grams by today’s rate per gram for that karat. For example, 5 grams of 22K gold at Rs. 40,885 per gram equals Rs. 2,04,425. When selling jewellery, deduct making charges — jewellers pay only for the raw gold weight at the current market rate.
Q: What is the best time to buy gold in Multan? There is no guaranteed best time since gold is difficult to time precisely. Prices historically soften slightly after peak wedding and festive seasons when demand drops. Most experts recommend buying gradually in small quantities during price dips rather than making one large purchase.
Q: What hallmarks should I check when buying gold in Multan? Always check for a karat purity stamp: 999 equals 24K, 916 equals 22K, 875 equals 21K, 750 equals 18K, and 585 equals 14K. Always request a full invoice showing weight, karat, making charges, and total price separately. Only buy from registered Sarafa Bazar shops.
Q: What was the highest gold rate ever recorded in Multan? As of May 2026, the highest gold rate recorded in Multan is approximately Rs. 5,20,000 per tola for 24K gold, reached in 2026. This is driven by international gold prices above $3,300 per ounce, continued rupee weakness, and strong investment demand globally.
Q: Will gold prices go up or down in 2026 in Pakistan? Most market analysts expect gold prices in Pakistan to remain elevated in 2026. The key factors supporting higher prices are continued global economic uncertainty, a structurally weak Pakistani Rupee, persistent inflation, and strong international gold demand. Short-term corrections are possible, but the long-term trend remains bullish.
Conclusion
Gold remains Pakistan’s most trusted store of value and investment asset. Multan’s Sarafa Bazar — one of Punjab’s oldest and most respected bullion markets — continues to be a hub for both investors and jewellery buyers across South Punjab.
Whether you are purchasing 22K bridal jewellery for a wedding or investing in 24K bars for long-term wealth preservation, always check today’s official Sarafa Bazar rate before making any financial decision. Verify hallmarks, demand a proper invoice, compare multiple shops, and buy from registered dealers only.
Bookmark this page for daily gold rate updates in Multan. For more Pakistani gold rates, construction material prices, currency tools, and financial guides, visit Khita.com.pk.
Disclaimer: Gold rates on this page are indicative benchmarks sourced from Multan Sarafa Bazar and APSGJA. Always verify current rates with local jewellers before making financial decisions. Past gold price trends are not a guarantee of future performance.
Author: Engineer Nazim | Khita.com.pk
Engineer Nazim is the CEO and author at Khita.com.pk, combining an engineering background with a passion for writing to deliver practical, insightful, and well-researched content. He leads the platform with a mission to inform, educate, and empower readers across Pakistan and beyond.
