Short answer: XAUUSD is the price of one troy ounce (31.1035 g) of pure gold in US dollars. To get a local rate, divide by 31.1035 for a gram, multiply by your exchange rate, multiply by 11.6638 for a tola, and by 0.916 for 22K. For example, at 4,000.00 dollars an ounce and 280 rupees per dollar, 24K gold works out to about PKR 36,009 per gram or PKR 420,000 per tola, before local premiums, taxes and making charges.
The conversion, step by step
- Start with XAUUSD. It is quoted per troy ounce, which is 31.1035 grams, heavier than an ordinary ounce (28.35 g).
- Price per gram: XAUUSD ÷ 31.1035. At 4,000.00 dollars an ounce that is about 128.6 dollars per gram.
- Into your currency: multiply by the exchange rate. At 280 PKR per USD, that becomes about PKR 36,009 per gram.
- Per tola: one tola is 11.6638 grams, so multiply the gram price by 11.6638: about PKR 420,000.
- Purity: multiply by 0.916 for 22K or 0.875 for 21K. 22K in this example: about PKR 384,720 per tola.
The same steps work for any currency: AED in the UAE, INR in India, SAR in Saudi Arabia. Our country pages (Pakistan, India, UAE, Saudi Arabia) do this every day with an indicative, delayed price.
What 24K, 22K and 21K actually mean
XAUUSD prices pure gold. Jewellery is usually 22K in South Asia and 21K or 22K in the Gulf, so a fair 22K price is roughly the 24K price × 0.916 before making charges. If a quoted 22K rate is close to the 24K rate, ask why.
Six reasons the numbers differ
- Exchange rate. Dealers may use an open-market rate rather than the interbank rate shown on currency sites.
- Local premium or discount. When local demand is high or imports are restricted, local prices can sit above the international price; when demand is weak, below it.
- Duties and taxes. Import duty and GST or VAT differ by country and change with budgets.
- Making charges. Jewellery adds labour and design, often as a per-gram charge or a percentage.
- Buy and sell spread. Dealers buy back lower than they sell. Always ask for both prices.
- Timing. Many markets publish one rate a day (for example the rate announced by local jewellers’ associations), while XAUUSD moves every second during market hours.
How to check a quoted rate in one minute
- Take the current XAUUSD price and your exchange rate.
- Work out the 24K gram or tola price with the steps above.
- Apply purity for the karat you are buying.
- Compare with the quote. The gap is premium, taxes, charges and spread; ask the dealer to break it down.
If you follow gold for trading rather than buying jewellery, the chart price is what matters. Our gold analysis and Liquidity Map work from XAUUSD directly, and the lot size guide explains how dollar moves on the chart turn into pips.