Local News

Gold Rate in Pakistan Today (Updated March 2024)

As of today, the rate of 24-karat gold per tola in Pakistan is Rs. 223500, 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.

invest with imarat

Islamabad’s emerging city centre

Learn More

It should be noted that the live gold rate in Pakistan gold tends 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. 223500

The following table shows the latest gold rate in Pakistan:

 

Pakistani City 24k Per Tola 24k 10g 24k per 1 Gram 22k 10g
Karachi 213200 164783 16478 176183
Lahore 213200 164783 16478 176183
Islamabad 213200 164783 16478 176183
Rawalpindi 213200 164783 16478 176183
Faisalabad 213200 164783 16478 176183
Multan 213200 164783 16478 176183
Peshawar 213200 164783 16478 176183
Sialkot 213200 164783 16478 176183
(Source: Karachi Saraf Jewellers Association)

Historical Gold Rate in Pakistan

 

DATE PRICE 10-GRAM PRICE 1-TOLA
13-May-2019 60442 70500
14-May-2019 60614 70700
16-May-2019 61471 71700
17-May-2019 61814 72100
23-May-2019 61128 71300
25-May-2019 59757 69700
29-May-2019 59814 69800
31-May-2019 60014 70000
4-June-2019 61471 71700
11-June-2019 61900 72200
13-June-2019 62757 73200
14-June-2019 65070 75900
21-June-2019 66958 78100
24-June-2019 68029 78350
25-June-2019 69016 80500
27-June-2019 69872 81500
28-June-2019 68244 79600
29-June-2019 67387 78600
2-July-2019 66701 77800
3-July-2019 67044 78200
4-July-2019 66186 77200
8-July-2019 67430 78650
12-July-2019 70302 82000
15-July-2019 70800 82600
16-July-2019 71587 83500
17-July-2019 70842 82650
18-July-2019 71435 83400
19-July-2019 72016 84000
22-July-2019 71914 83900
25-July-2019 72360 84400
29-July-2019 72359 84400
31-July-2019 72016 84000
5-August-2019 72016 84000
6-August-2019 72444 84500
7-August-2019 73945 86250
10-August-2019 74888 87350
16-August-2019 75703 88300
19-August-2019 75439 88000
23-August-2019 74674 87100
29-August-2019 76990 89800
2-Sep-2019 76990 89500
4-Sep-2019 76303 89000
20-Sep-2019 74674 87100
26-Sep-2019 75874 88500
4-Oct-2019 75231 87750
11-Oct-2019 74245 86600
28-Oct-2019 75446 88000
22-Dec-2019 73431 85650
3-January-2020 76860 89650

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.

 

Date 24k Per Tola 24k 10g 18k Tola 21k Tola
15-Feb-2023 192200 164783 144150 168175
14-Feb-2023 195900 167956 146925 171413
13-Feb-2023 197600 169413 148200 172900
11-Feb-2023 197400 169242 148050 172725
10-Feb-2023 198000 169756 148500 173250

 


 

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

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 Condition

 

 

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 Stability

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.

 

Jewellers’ Margin

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.

 

Seasonal Factors

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.

For more information, visit Graana Blog

Muhammad Jahanzaib

JahanZaib is an SEO Content Writer at Graana.com. With a bachelor's degree in English Literature & Linguistics, he is proficient in researching, writing, and editing diverse content. He works with minimal input to produce engaging, authoritative, and error-free work.

Recent Posts

Exploring Bhawana

Bhawana is a tehsil located in the province of Punjab, Pakistan. It is included in…

18 hours ago

Yazman Mandi: A Vibrant Marketplace

Amidst the historic city of Bahawalpur lies Yazman Mandi, a lively marketplace that has been…

20 hours ago

A Guide On Double Door Fridge Price in Pakistan

In Pakistan's hot and humid climate, a reliable double door fridge is an essential home…

22 hours ago

Daharki: A Vibrant Town in Sindh

Daharki is a town located in the Ghotki District of Sindh, Pakistan. It's situated on…

2 days ago

Anklesaria Hospital: A True Lifesaver In Karachi

In the busy city of Karachi, Pakistan, Anklesaria Hospital stands as a pillar of patient…

2 days ago

An Account of Ratodero

The main town and capital of Ratodero Taluka is Rato Dero. This region is a…

2 days ago