Sarafa Bazar Gold Rate Today (All Pakistan Sarafa Association)
| Karat | Price (PKR) |
|---|---|
| 24K Gold | Rs. 426,000 |
| 22K Gold | Rs. 390,497 |
| 21K Gold | Rs. 372,750 |
| 18K Gold | Rs. 319,500 |
What Is the Sarafa Bazaar Rate?
The term “Sarafa Bazaar rate” refers to the official daily gold price notified by Pakistan’s Sarafa (bullion) associations — networks of licensed jewellers and gold dealers organised city by city, with the All Pakistan Sarafa Gems & Jewellers Association (APSGJA), based in Karachi, acting as the de facto national benchmark-setter. Every major city — Lahore, Islamabad, Peshawar, Multan and others — has its own local Sarafa Bazaar and jewellers' committee, but in practice these city-level rates stay tightly aligned with the Karachi/APSGJA figure, adjusting only for minor local costs.
How the Rate Is Set Each Day
Representatives of the Sarafa Association meet or coordinate — often more than once during a trading day — to review the international spot gold price and the prevailing USD/PKR exchange rate, then issue an updated local rate that member jewellers are expected to follow. This is not a government-regulated exchange; it is an industry self-regulation mechanism that has operated in Pakistan's bullion trade for decades, giving buyers and sellers a common reference point even though gold itself does not trade on a formal public exchange in Pakistan.
Sarafa Bazaar vs International Spot Price
The Sarafa rate is always derived from — but not identical to — the international spot price, because it bakes in the current USD/PKR exchange rate, import costs, and a small local margin. When you see the international gold spot price move, expect the Sarafa Bazaar rate to follow within hours, sometimes on the same trading day if the move is sharp enough.
Karachi Sarafa Bazaar (Bohri Bazaar)
Karachi's Sarafa Bazaar, in the Saddar/Bohri Bazaar area, is where APSGJA is headquartered, making it the most closely watched physical gold market in the country. Traders and everyday buyers across Pakistan check the Karachi rate first each day. See our dedicated Karachi gold rate page for the city-specific breakdown.
Frequently Asked Questions
What is today's Sarafa Bazaar gold rate?
Today’s Sarafa Bazaar rate is Rs. 426,000 per tola for 24K gold.
Who sets the Sarafa Bazaar rate?
The All Pakistan Sarafa Gems & Jewellers Association (APSGJA), coordinating with city-level Sarafa/jewellers committees across Pakistan.
Is the Sarafa rate the same in every city?
It's very closely aligned nationwide, with only small local variations — see our city-wise gold rate pages for exact figures.
Who actually sets the gold rate in Pakistan?
The All Pakistan Sarafa Gems & Jewellers Association issues the daily reference rate, based on international spot gold and the USD/PKR exchange rate, which the wider jewellery trade then follows.
Can the Sarafa rate change more than once a day?
Yes — during periods of sharp international price movement or rupee volatility, the Association can revise its notification more than once in a single trading day.
Role of the All Pakistan Sarafa Gems & Jewellers Association
The APSGJA, headquartered in Karachi, issues a daily rate notification that functions as the de facto national benchmark for gold and silver pricing across Pakistan. Provincial and city-level Sarafa/jewellers associations generally align closely with this notification, adjusting only for minor local factors such as transport cost from Karachi and individual dealer margins.
How the Sarafa Bazaar Rate Differs From Bank or Digital Gold Rates
Banks and digital-gold platforms in Pakistan typically price gold close to the Sarafa Bazaar benchmark but may add their own platform fee, storage cost, or spread between buy and sell prices. If you're comparing a bank's digital gold price against the physical Sarafa Bazaar rate shown on this page, check whether their quote already includes such fees before assuming one is cheaper than the other.
Is Sarafa Bazaar only in Karachi?
No — "Sarafa Bazaar" is a generic name for a traditional gold market used in many Pakistani cities, though Karachi's is the most prominent due to the APSGJA head office being located there.
Are Sarafa Bazaar rates regulated by the government?
The rate itself is set by the trade association (APSGJA) rather than a government body, though the broader gold trade operates under standard commercial and customs regulations.
Visiting a Sarafa Bazaar for the First Time
Sarafa Bazaars can feel overwhelming with dozens of adjacent shops, but the core advice is simple: check the day's rate here first, compare two or three shops for making charges, insist on a proper itemised receipt, and don't feel pressured to decide on the spot — reputable dealers expect comparison shopping and won't discourage it.
Provincial Sarafa Associations
Beyond the national APSGJA benchmark, several provincial and city-level Sarafa/jewellers associations publish their own notifications that closely track the national rate — see our individual city pages for the specific local context in Karachi, Lahore, and other major markets.