Today Gold Rate in Pakistan
As of Wednesday, December 27, 2023, the current gold rates in Pakistan stand at PKR 219,600 per tola for 24-karat gold and PKR 172,583 per 10 grams for 22-karat gold.
These rates are obtained from the Sarafa Jewelers Association and the global gold market. Additionally, a performance graph illustrating the gold price trends over the past 10 days is included in the information.
INTERNATIONAL GOLD RATES
Gold rate 24K Ounce                        $ 2081
Gold Price In Pakistan Major CitiesÂ
CITY | Gold rate 24K PER TOLA | GOLD 22K PER TOLA |
---|---|---|
Karachi | Rs. 219,600 | Rs. 201352 |
Islamabad | Rs. 219,600 | Rs. 201352 |
Lahore | Rs. 219,600 | Rs. 201352 |
Multan | Rs. 219,600 | Rs. 201352 |
Peshawar | Rs. 219,600 | Rs. 201352 |
Gold Rate In Pakistan For Last 10 Days
DATE | Gold ratePER TOLA 24k | GOLD 22K PER 10 GRAM |
---|---|---|
Dec 27, 23 | Rs. 219600 | Rs. 172582 |
Dec 26, 23 | Rs. 218200 | Rs. 171482 |
Dec 25, 23 | Rs. 218200 | Rs. 171482 |
Dec 24, 23 | Rs. 218200 | Rs. 171482 |
Dec 23, 23 | Rs. 219800 | Rs. 172739 |
Dec 22, 23 | Rs. 218000 | Rs. 171325 |
Dec 21, 23 | Rs. 217400 | Rs. 170853 |
Dec 20, 23 | Rs. 217600 | Rs. 171011 |
Dec 19, 23 | Rs. 217200 | Rs. 170696 |
Dec 18, 23 | Rs. 218900 | Rs. 172032 |
Gold Price in Pakistan
As of December 27, 2023, the current rate for 24-karat Gold rate in Pakistan is Rs. 219,600 per tola.
Gold is synonymous with purity, beauty, and luxury. In our subcontinental culture, gold is significant, especially as jewelry, and its demand tends to surge during wedding seasons. If you’re considering crafting gold jewelry, stay updated on the current gold rates in Pakistan today, categorized by purity—18, 20, 22, or 24 carats.
Gold in Pakistan
As of December 27, 2023, the current rate for 24-carat gold in Pakistan is Rs. 219,600 per tola. Gold has been a popular choice in Pakistan for many years, with numerous women incorporating it into their accessories and others viewing it as a reliable investment.
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When determining the price of gold, it is typically established in the London Bullion Market and occasionally by the International Monetary Fund (IMF), as they hold the exclusive authority to set gold standards and its associated pricing.
International Monetary Fund (IMF)
Furthermore, gold prices are subject to constant fluctuations due to various influencing factors. In Pakistan, the Gold Rate remains consistently high, mainly attributed to the comparatively lower value of the Pakistani Rupee than other global currencies.
Examining the historical Gold Price in Pakistan reveals a lack of stability, with the country experiencing significant economic crises and severe inflation, contributing to the ongoing variability in gold rates.
What Causes Price Fluctuations in Gold Prices?
Gold holds global recognition for its role as an investment asset and its extensive use in jewelry production. A variety of factors influence the prices of Gold rate in the international market.
Some key drivers impacting live gold prices encompass:
- Interest rates
- Monetary policy
- Geopolitical events
- Risk aversion or appetite
- Currency market dynamics
- Inflation or deflation trends
- Investment demand
- Jewelry demand
- Equities market conditions
Gold is commonly priced in U.S. Dollars, and the dollar’s value plays a crucial role in influencing live gold prices.
A strengthening dollar may increase the relative cost of Gold rate for foreign investors, leading to a potential decrease in its price.
Conversely, a weakening dollar may reduce the relative cost of gold for foreign investors, potentially driving gold prices higher. Fluctuations in the U.S. Dollar Index significantly contribute to daily shifts in live gold prices.
Gold Prices IncreaseÂ
Fluctuations in Gold rate jewelry demand can also impact the price of gold. India, renowned for its significant gold jewelry market, plays a pivotal role. Robust demand for Gold rate jewelry may lead to a potential increase in gold prices, while subdued demand could result in weaker gold prices.
Interest rates constitute another critical factor influencing gold prices.
Elevated interest rates may render holding gold relatively more expensive, as an inherent opportunity cost is associated with owning an asset that does not generate dividends or interest.
Conversely, lower interest rates may have a favorable impact on gold. Reduced rates diminish the opportunity cost of holding gold, making it more appealing to investors.
FAQs:
What is the current rate of 1 tola gold in Pakistan today?
As of December 27, 2023, the updated rate for gold in Pakistan is Rs. 219,600 per tola.
What is the price of 1 gram 24K gold in Pakistan?
Today, the cost of 1 gram of 24K gold in Pakistan is 17,258.