Gold holds a special place in the hearts of many in Pakistan, symbolizing purity, beauty, and prosperity. Whether it’s worn as jewelry during festive occasions or considered a valuable investment, keeping track of the Gold Rate in Pakistan is essential for those planning to purchase or invest in this precious metal.
Current Gold Rates:
As of December 26, 2023, the Gold Rate in Pakistan stands at PKR 219,800 per tola for 24 karat gold. The 22 karat gold price is PKR 172,739 per 10 grams. These rates are sourced from the Sarafa Jewelers Association and the International Gold Market. For a comprehensive view, a performance graph depicting gold prices over the last 10 days is included.
Breakdown of Gold Rates:
Understanding the various rates based on gold weight and purity is crucial:
Gold Weight: 10 Grams
- 24K Gold: Rs. 188,443
- 22K Gold: Rs. 172,740
- 21K Gold: Rs. 164,888
- 20K Gold: Rs. 157,036
- 18K Gold: Rs. 141,333
Gold Weight: 1 Tola
- 24K Gold: Rs. 219,800
- 22K Gold: Rs. 201,536
- 21K Gold: Rs. 192,374
- 20K Gold: Rs. 183,214
- 18K Gold: Rs. 164,892
International Comparison:
On the global scale, the international Gold 24K Ounce is priced at $2056.
Gold Price Today in Major Cities
The Gold 24K per tola and Gold 22K per tola rates in major cities of Pakistan, including Karachi, Islamabad, Lahore, Multan, and Peshawar, remain consistent at Rs. 219,800 and Rs. 201,535, respectively.
Gold Prices in Major Cities
| City | Gold 24K per Tola | Gold 22K per Tola |
|---|---|---|
| Karachi | Rs. 219,800 | Rs. 201,535 |
| Islamabad | Rs. 219,800 | Rs. 201,535 |
| Lahore | Rs. 219,800 | Rs. 201,535 |
| Multan | Rs. 219,800 | Rs. 201,535 |
| Peshawar | Rs. 219,800 | Rs. 201,535 |
Gold Rate History – Last 10 Days
For those interested in historical trends, the Gold Rate in Pakistan for the last 10 days shows fluctuations. As of December 25, 2023, the rates were Rs. 219,800 (24K per tola) and Rs. 172,739 (22K per 10 grams).
| Date | Gold 24K per Tola | Gold 22K per 10 Gram |
|---|---|---|
| Dec 25, 2023 | Rs. 219,800 | Rs. 172,739 |
| Dec 24, 2023 | Rs. 218,000 | Rs. 171,325 |
| Dec 23, 2023 | Rs. 217,400 | Rs. 170,853 |
| Dec 22, 2023 | Rs. 217,600 | Rs. 171,011 |
| Dec 21, 2023 | Rs. 217,200 | Rs. 170,696 |
| Dec 20, 2023 | Rs. 218,900 | Rs. 172,032 |
| Dec 19, 2023 | Rs. 218,900 | Rs. 172,032 |
| Dec 18, 2023 | Rs. 218,900 | Rs. 172,032 |
| Dec 17, 2023 | Rs. 217,300 | Rs. 170,775 |
| Dec 16, 2023 | Rs. 215,300 | Rs. 169,203 |
Significance of Gold in Pakistan:
Gold has deep cultural roots in Pakistan, prominently featured in jewelry and sought after during wedding seasons. Whether used for personal adornment or as a wise investment, understanding the Gold Rate in Pakistan by its purity (18, 20, 22, or 24 carats) is essential for making informed decisions.
Factors Influencing Gold Prices:
The price of gold is dynamic and influenced by various factors. The rates are determined in the London Bullion Market and occasionally by the International Monetary Fund (IMF). These entities hold the authority to set gold standards and prices.
Economic Factors:
Gold prices are subject to fluctuations due to economic conditions. In Pakistan, the Gold Rate remains relatively high, attributed to the lower value of the Pakistani Rupee compared to other global currencies. The historical instability in Pakistan’s economy has contributed to varying gold rates.
In conclusion, staying informed about the Gold Rate in Pakistan is essential for those considering gold as an investment or planning to purchase this precious metal for personal use. The dynamic nature of gold prices makes it crucial to track changes regularly, enabling individuals to make well-informed decisions based on the latest market trends.