Gold price in Pakistan Rs 20,000 cheaper than India! Check 24K and 22K rate comparison

Gold prices in Pakistan are significantly lower than in India when compared after converting the Pakistani rupee into Indian currency. The difference could catch the attention of gold buyers, particularly those tracking international bullion prices and looking for more affordable jewellery. On Wednesday, November 4, 2026, 24-carat gold in Pakistan was priced at PKR 413,550 per tola, while 22-carat gold was available at PKR 379,088 per tola, according to gold market data.

In India, the price of 24-carat gold stood at around Rs 1,43,105 per 10 grams, while 22-carat gold was priced at approximately Rs 1,31,742.90 per 10 grams, according to Paytm's gold rate tracker. But how much does gold actually cost in Pakistan when converted into Indian rupees? Here is a detailed comparison of 24K and 22K gold prices in the two countries.

Gold price in Pakistan vs India: 24K and 22K rates

According to the Pakistan gold rate data for November 4, 24-carat gold was priced at PKR 35,456 per gram. The 22-carat rate stood at PKR 32,501 per gram. At the prevailing exchange rate of approximately Rs 0.3431 for one Pakistani rupee, these prices translate into considerably lower amounts in Indian currency.

Here is how the rates compare:

Note: Pakistani gold prices have been converted into Indian rupees using an indicative exchange rate of 1 PKR = Rs 0.3431. Rates are indicative and may vary across markets and jewellers.

How much cheaper is gold in Pakistan than India?

The comparison suggests that gold is considerably cheaper in Pakistan than in India, even after adjusting for the currency difference. For 24-carat gold, the price difference is approximately Rs 21,451 per 10 grams. This means the Pakistani rate is around 15% lower than the Indian rate.

The difference is similar for 22-carat gold. Pakistani 22-carat gold costs approximately Rs 1,11,516 per 10 grams after currency conversion, compared with Rs 1,31,742.90 in India. This translates into a difference of approximately Rs 20,227 per 10 grams.

Why is gold cheaper in Pakistan than India?

Gold prices in different countries are influenced by several factors. International bullion prices provide the underlying benchmark, but local currencies, import costs, taxes and market premiums can create differences in domestic rates. The Indian rupee and Pakistani rupee also have different exchange values. Therefore, comparing the numbers displayed in the two currencies without conversion can be misleading.

Import duties, local taxes, supply conditions and jewellery-making charges can further influence the final price. In India, buyers also need to account for GST and making charges when purchasing jewellery. These costs are generally not included in the quoted base gold rate.

Is 24K or 22K gold better?

The choice between 24-carat and 22-carat gold depends on the purpose of the purchase. 24-carat gold has approximately 99.9% purity and is generally preferred for investment products such as gold bars and coins. However, its softness makes it less suitable for everyday jewellery.

22-carat gold contains approximately 91.67% pure gold, with the remaining portion made up of other metals. This makes it harder and more suitable for jewellery. For buyers interested in jewellery, 22-carat gold is a commonly preferred option. Those looking for higher-purity investment gold generally consider 24-carat products.