Gold Rate in 1947 – A Complete Historical Analysis of Gold Prices
Gold has always been a key part of Pakistan’s culture and economy, valued for weddings, investments, and as a safe asset. Since Pakistan’s independence in 1947, the price of gold has risen significantly, reflecting economic changes, inflation, and global trends. In 1947, one tola of gold cost just PKR 57. Today, in 2025, it’s around PKR 370,450. This article tracks gold prices in Pakistan over key years, offering a clear view for investors and enthusiasts.
Gold Prices in Pakistan (1947–2025)
Below is a table of gold prices per tola (11.667 grams) for 24K gold, based on available data and estimates for earlier years. Prices are sourced from market trends, historical records, and posts on X where applicable.
| Year | Gold Price (PKR per Tola) |
|---|---|
| 1947 | 57 |
| 1948 | 60 |
| 1950 | 65 |
| 1960 | 110 |
| 1965 | 120 |
| 1970 | 150 |
| 1972 | 200 |
| 1980 | 1,200 |
| 1990 | 3,900 |
| 1991 | 4,300 |
| 1998 | 8,600 |
| 2000 | 9,000 |
| 2001 | 9,500 |
| 2002 | 10,000 |
| 2003 | 11,000 |
| 2004 | 12,500 |
| 2005 | 14,000 |
| 2006 | 16,500 |
| 2007 | 18,000 |
| 2008 | 24,000 |
| 2009 | 28,000 |
| 2015 | 51,500 |
| 2016 | 53,000 |
| 2017 | 56,000 |
| 2018 | 68,000 |
| 2019 | 86,000 |
| 2020 | 102,000 |
| 2021 | 110,000 |
| 2022 | 145,000 |
| 2023 | 208,000 |
| 2024 | 250,000 |
| 2025 | 370,450 |
Key Insights
- 1947–1960s: Gold was affordable at PKR 57–120 per tola, as the rupee was stable and tied to the British pound. Limited imports kept prices low.
- 1970s–1980s: The 1972 devaluation and global oil shocks pushed prices to PKR 1,200 by 1980.
- 1990s: Inflation and economic reforms raised prices to PKR 8,600 by 1998.
- 2000s: The 2008 financial crisis spiked prices to PKR 24,000, as gold became a safe-haven asset.
- 2015–2025: Prices soared from PKR 51,500 to PKR 370,450, driven by a weaker rupee, global demand, and trade tensions like US-China tariffs. In 2025, gold hit $3,233 per ounce globally, boosting local prices.
