Gold Was Just Rs. 88 per Tola in 1947!
Yes, you read that right! In 1947, when Pakistan came into existence, the price of 1 tola of gold (around 11.66 grams) was only Rs. 88 to Rs. 99. That sounds almost unbelievable today, doesn’t it? With today’s rates touching over Rs. 240,000 per tola, this massive jump in price shows how far the economy—and inflation—have come.
Back then, gold was not only affordable, but it was also considered the most secure form of saving. Families would buy gold to protect their wealth and use it for weddings, dowries, and emergency funds. Owning even a few tolas meant financial strength and pride.
Why Was Gold So Cheap?
In 1947, the economy was simpler, and Pakistan’s currency had more value. The US dollar was just Rs. 3.31, and inflation was under control. Gold prices were mostly stable due to the global gold standard, and local markets followed traditional pricing methods without much fluctuation.
There were no digital apps, no constant rate updates—just trusted goldsmiths and local markets. People saved for months to buy a small amount, and that gold became part of family heritage for generations.
Also Read: 1 Dollar to PKR in 1947 – Complete History of USD to PKR Rates (1947 to 2024)
From Rs. 88 to Rs. 240,000 – A Priceless Journey
Fast forward to today, and the difference is jaw-dropping. Gold has become a premium investment. It reflects how much our economy has changed in 75+ years. But even after all this time, gold remains a timeless asset in every Pakistani home.
So, next time you hear your elders talk about buying gold for under Rs. 100—believe them. Because in 1947, that was the reality.
