The town of Panagyurishte has a population of 20 000 inhabitants. It is a municipal centre of 9 component settlements. The town lies at a distance of 42 km north of Pazardzhik. It is located along the Panagyurska Luda Yana River at an altitude of 530 m.

There are deposits of copper ore in the region.

The archaeological monuments in the vicinities of the town tell about its ancient past. There are dozens of tomb mounds from the time of the Thracian tribes. In the region of Panagyurishte has been discovered one of the biggest Thracian treasures - The Panagyurishte treasure. 5 km south of the town lies Krasen fortress. Krasen has been a military, administrative, economic and spiritual centre of the municipality during the period of late ancient and middle ages. During excavations in 1978 has been discovered a precious finding - the seal of the last ruler of the fortress - Rafail. The present-day town has been established during the Ottoman yoke at the end of XV c. The town is mentioned in the Ottoman documents from 1576 under the name of Otluk Kyoi. The present-day name of the town comes from the small fair that has been held here. The word "panagyur" means "fair". At the beginning of XIX c. the town faces an economic and cultural boom. In 1839 a boys' school has been established and in 1843 the building of the girls' school has been erected. In 1876 the town takes active part in the April Rebellion against the Ottoman yoke. After the failure of the rebellion the whole trade street of the town has been burned down. More than 100 shops and 400 of the best buildings of the town are burned down. Hundreds of inhabitants are burned and find their death. The town is liberated in 1878.

The tourist sights of the town are: the Tutev's house, The Dudekov's house (with its ethnographic exhibition), the churches "Vavedenie Bogorodichno" /The Annunciation/ (1818), "St. Georgi" (1856), the History Museum and the house of Raina Knyaginya.

11 km from the town of Panagyurishte is situated the village of Banya well-known for its mineral springs.