What the same rupee amount would be worth today in gold, in the KSE-100 and after inflation, from any month since 2000. Updated 7 Nov 2026.
Pakistanis have long trusted gold to protect savings from inflation and a falling rupee, while the stock market offers growth through company profits. This calculator puts the two side by side. Choose an amount and a starting month since 2000 and it shows what the money would be worth today in gold, in the KSE-100 index and in plain inflation terms. Over the last 10 years (from October 2016), Rs 100,000 in gold would now be worth about Rs 8.01 lakh, in the KSE-100 about Rs 4.17 lakh (before dividends), while you would need Rs 2.95 lakh just to keep the same buying power.
| Holding period to October 2026 | Rs 1 lakh in gold | Rs 1 lakh in KSE-100 | Needed to beat inflation | Ahead |
|---|---|---|---|---|
| 1 year (from October 2025) | Rs 95,354 | Rs 1.03 lakh | Rs 1.10 lakh | KSE-100 |
| 3 years (from October 2023) | Rs 1.92 lakh | Rs 3.21 lakh | Rs 1.25 lakh | KSE-100 |
| 5 years (from October 2021) | Rs 3.50 lakh | Rs 3.60 lakh | Rs 2.00 lakh | KSE-100 |
| 10 years (from October 2016) | Rs 8.01 lakh | Rs 4.17 lakh | Rs 2.95 lakh | Gold |
| 15 years (from October 2011) | Rs 7.23 lakh | Rs 14.02 lakh | Rs 3.88 lakh | KSE-100 |
| 20 years (from October 2006) | Rs 29.15 lakh | Rs 14.69 lakh | Rs 7.40 lakh | Gold |
| 25 years (from October 2001) | Rs 62.66 lakh | Rs 1.18 crore | Rs 10.08 lakh | KSE-100 |
Gold came out ahead in 2 of these 7 periods and the KSE-100 in 5. Year by year since 2001, gold beat the index in 12 of 26 calendar years.
| Year | Gold in rupees | KSE-100 |
|---|---|---|
| 2026 (so far) | -11.4% | -4.4% |
| 2025 | +65.6% | +51.2% |
| 2024 | +25.7% | +84.3% |
| 2023 | +40.9% | +54.5% |
| 2022 | +28.0% | -9.4% |
| 2021 | +6.1% | +1.9% |
| 2020 | +29.5% | +7.4% |
| 2019 | +32.0% | +9.9% |
| 2018 | +23.6% | -8.4% |
| 2017 | +19.7% | -15.3% |
| 2016 | +8.0% | +45.7% |
| 2015 | -6.6% | +2.1% |
| 2014 | -6.1% | +27.2% |
| 2013 | -22.1% | +49.4% |
| 2012 | +15.7% | +49.0% |
| 2011 | +15.7% | -5.6% |
| 2010 | +31.6% | +28.1% |
| 2009 | +33.2% | +60.0% |
| 2008 | +34.9% | -58.3% |
| 2007 | +33.1% | +40.2% |
| 2006 | +25.8% | +5.1% |
| 2005 | +18.2% | +53.7% |
| 2004 | +9.6% | +39.1% |
| 2003 | +17.5% | +65.5% |
| 2002 | +21.3% | +112.2% |
| 2001 | +6.4% | -15.6% |
The rupee price of gold rises for two reasons: the international dollar price of gold, and the fall of the rupee against the dollar. Over 2000 to 2026 the rupee went from about Rs 52 to about Rs 276 per dollar, so even flat international gold prices would have more than quintupled in rupees. Gold therefore works as a hedge against devaluation, which is exactly when Pakistani stocks often struggle.
The KSE-100 figures here are price only. Pakistani companies pay generous dividends, often 6% to 10% a year on the index, which would add a lot to the stock returns over long periods; gold pays nothing and costs money to store and insure. Stocks also had their best runs after interest rate cuts, as in 2002 to 2007, 2013 to 2017 and 2023 to 2025. Many investors hold both: gold for safety against the rupee, stocks for growth and income.
Gold is the international spot price converted to rupees at the month-end exchange rate, per tola (11.66 grams, 24 carat). Local sarafa rates usually differ a little because of local premiums and making charges. The KSE-100 uses month-end closes. Inflation uses the consumer price index from the Pakistan Bureau of Statistics.
Related: CAGR calculator, zakat calculator, inflation calculator, KSE-100 returns, and all calculators.
The calculator runs in your browser and nothing you type is saved or sent anywhere. Results are estimates for planning and education, not investment, tax or religious advice.
It depends on the period. Over the last 10 years Rs 100,000 in gold grew to about Rs 8.01 lakh and in the KSE-100 to about Rs 4.17 lakh before dividends. Gold tends to win when the rupee falls; stocks tend to win after interest rate cuts.
Because the rupee price of gold combines the international gold price and the rupee's fall against the dollar, so devaluation pushes local gold prices up.
No. It uses the index level only. Adding dividends of roughly 6% to 10% a year would raise the stock returns considerably.
A tola is 11.66 grams. Gold prices in Pakistan are usually quoted per tola of 24-carat gold.
Close, but not identical. We use the international price converted to rupees; local bullion markets add a premium or discount and jewellers add making charges.