As of today, the rate of 24-karat gold per tola in Pakistan is Rs. 213,200, as reported by various sources in the bullion market in cities such as Karachi and Multan. Note that when you search for ‘gold price in Pakistan today per tola’, you will see a different price every day. This is due to price fluctuations in gold prices that happen every day. This unexpectedly skyrocketed price has been due to the dollar cap removal, which caused the dollar rate to soar to a record-high price.
It should be noted that gold prices tend to be consistent throughout the country, with only slight variations between cities. Additionally, it is essential to note that the cost of gold in Pakistan is subject to frequent changes and this information is updated regularly.
Gold Rate in Pakistan Today Rs. 213200
The following table shows the latest gold rate in Pakistan:
|24k Per Tola
|24k per 1 Gram
|(Source: Karachi Saraf Jewellers Association)
Historical Gold Rate in Pakistan
Past Week History of Gold Rate in Pakistan
The gold has seen many fluctuations in the previous week as a result of both domestic and international trends and events. The market has been affected by a variety of factors, including changes in the international gold market, economic conditions, and political stability.
Let’s take a look at how the gold rate has changed over the past week and what factors have influenced these changes.
|24k Per Tola
Top Questions related to Gold Rates in Pakistan:
What is the current gold rate in Pakistan?
The current gold rate in Pakistan varies daily and is influenced by various factors such as global market trends and currency exchange rates. You can check the latest gold rate in Pakistan by visiting a trusted financial news website or by contacting a local gold dealer.
What is the average gold price in Pakistan?
The average gold price in Pakistan can be affected by several factors, including global market trends, economic conditions, and currency exchange rates. It is recommended to check the latest gold rate in Pakistan regularly to get an up-to-date estimate of the average price.
What is the gold rate today in Pakistan?
The gold rate in Pakistan changes every day. You can check the latest gold rate today in Pakistan by visiting a trusted financial news website or by contacting a local gold dealer.
How can I check the gold rate in Pakistan today?
You can check the latest gold rate in Pakistan today by visiting a trusted financial news website or by contacting a local gold dealer.
What are the factors that affect the gold rate?
The gold rate in Pakistan can be affected by various factors such as global market trends, economic conditions, and currency exchange rates. Political stability, supply and demand, and inflation can also impact the gold rate in the country.
Factors Affecting Gold Rate in Pakistan
Several key factors can affect gold rates in Pakistan, including:
International Gold Market Prices
The global price of gold is determined by supply and demand, as well as economic and political factors such as interest rates and currency exchange rates.
For example, when interest rates are low, gold tends to be more attractive to investors as it offers a higher return than cash. Similarly, when the value of a currency is declining, gold can be a safe option for investors as it preserves their purchasing power.
Inflation can lead to an increase in the price of gold as investors look for ways to protect their assets from the devaluation of the currency.
When the prices of goods and services rise, the purchasing power of money decreases. As a result, people tend to buy more gold as a hedge against inflation.
Economic conditions, such as GDP growth, unemployment, and government spending, can also affect gold rates. A strong economy can lead to increased demand for gold as investors have more disposable income, while a weak economy can lead to decreased demand. Similarly, government spending can also affect gold rates as it can lead to inflation or currency devaluation.
Political instability in a country can lead to increased demand for gold as a safe investment option. In times of uncertainty, people tend to buy more gold to protect their assets from potential risks such as currency devaluation or inflation.
Supply and Demand
The availability and demand of gold can also affect the price, with higher demand and lower supply leading to higher prices. The price of gold fluctuates based on how much gold is mined, recycled, and sold. When demand is high and supply is low, the price of gold increases, and when supply is high and demand is low the price decreases.
Import and Export Duties
Government policies on import and export duty can also play a role in determining the gold rates in Pakistan. If the government increases import duty, the price of gold in Pakistan will increase as it becomes more expensive to import gold into the country. Similarly, if the government decreases import duty, the price of gold in Pakistan will decrease as it becomes cheaper to import gold into the country.
This factor also plays a role in determining the gold rates in Pakistan. Jewellers usually increase the gold rate when the demand is high or when the gold rate is increasing in the international market.
Local Market Factors
Local market factors can also affect the gold rates in Pakistan. If the demand for gold is high in Pakistan and the supply is low, the price of gold in Pakistan will increase.
Gold demand also increases during the wedding season and Eid events, as it is a traditional gift and is used as a form of savings. This leads to an increase in the price of gold during these periods.
It is important to note that these factors are interrelated and can affect each other. For example, if the global price of gold increases, it can lead to an increase in inflation, which can lead to an increase in demand for gold.
It is also important to note that the above list is not exhaustive; other factors may also play a role in determining gold rates in Pakistan.
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