Explore paper-gold investments available on the Pakistan Stock Exchange (PSX).
The Rise of Paper Gold
If you don't want the hassle of storing physical gold or dealing with Sarafa jewelers, you can buy "paper gold" through the Pakistan Stock Exchange (PSX) or via Asset Management Companies.
Gold Mutual Funds
Several Islamic and conventional asset managers in Pakistan offer Commodity Funds that track the price of gold. You buy units in the fund, and the fund manager handles the physical storage and auditing. This is highly liquid and regulated by the SECP.
The Tax Implications
When you sell physical gold to a jeweler, the transaction is often off-the-books. When you sell units of a Gold Mutual Fund, your capital gains are automatically taxed (CGT) by the government. You must factor these taxes into your expected net returns.