The international gold price, converted to Pakistani Rupees at the live USD/PKR rate — a common hedge against inflation and Rupee depreciation.
Source: Yahoo Finance, COMEX gold futures (GC=F), monthly closes.
Gold is priced internationally in US Dollars per troy ounce. The PKR-per-gram and PKR-per-tola figures above are computed directly from that international price and the live USD/PKR exchange rate — they are not a quote from Pakistan's local Sarafa Bazaar (jewelers' market), which adds its own premiums, duties, and making charges on top of the raw metal value.
Pakistan traditionally trades gold in tola (a unit equal to 11.6638 grams) alongside the metric gram and ounce, especially for jewelry and savings purposes.
Because gold is Dollar-priced, a Pakistani holder's PKR-denominated gold value moves for two separate reasons: the international Dollar gold price itself, and the USD/PKR exchange rate — a depreciating Rupee mechanically raises the PKR value of gold even if the Dollar price is flat.
Gold is one of the most common inflation and currency hedges held by Pakistani households, alongside US Dollars and real estate — its PKR value has historically risen during periods of sharp Rupee depreciation.
Because gold has no yield (unlike a bank deposit or government security), its attractiveness as an investment depends partly on how high domestic interest rates are — when Treasury Bill yields are very high, the opportunity cost of holding non-yielding gold rises.