Gold Buying Guidance (Pak)

Hi everyone, this post is to get guidance for buying gold for the very first time in Pak.

I visited a reputable jeweller today. The online rate for 24K gold was Rs. 454,000 per tola, but he quoted Rs. 457,000, saying local market rates can differ from what’s published online.

I was specifically looking for a pure Swiss gold bar, but he told me:

* Swiss bars aren’t readily available and would cost an additional Rs. 10,000+ due to limited supply.
* Instead, he recommended buying locally minted 24K pure gold.

I also asked about resale. He said that whether it’s a Swiss bar or a local 24K coin/bar, they deduct around Rs. 5,000 per tola from the current market rate when buying it back.

This confused me. If I buy 2 tolas today and sell them an hour later, I’d already be down Rs. 10,000 just because of the deduction.

Is this normal? How do people actually make a profit on gold in the long run if these deductions always apply?

Am I missing something? I want to buy it for my children and I’d really appreciate any advice or recommendations. Thanks!