Gold Rate in Pakistan, 06 May, 2024

Gold Price Pakistan
Gold Rate in Pakistan

DailyPkTv offers latest and updated gold rate in Pakistan according to today’s international market gold rates in Pakistan you can visit DailyPkTv, we provide gold rate in international market every fifteen minutes from authentic sources. Update the rates, gold rates may vary in each city of Pakistan. Karachi is the main center of gold market, Karachi is the top gold price in Pakistan, every city follows Karachi Sarafa Bazaar Association for gold price, today different cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta. Gold prices are also available in DailyPkTv on Gold.pk is not responsible or liable for any transaction made based on the above gold rate.

Today Gold Rate in Pakistan

Gold Rate24K Gold22K Gold21K Gold18K Gold
per Tola GoldRs. 239800Rs. 219815Rs. 209825Rs. 179850
per 10 GramRs. 205600Rs. 188465Rs. 179900Rs. 154200
per Gram GoldRs. 20560Rs. 18847Rs. 17990Rs. 15420
per OunceRs. 582900Rs. 534321Rs. 510038Rs. 437175

Detail: Gold Rates in Pakistan Today – Gold Price Today Updated

Gold Price Today In Major Cities Of Pakistan

LocationGold 24k per TolaGold 22k per Tola
PakistanRs. 235,550Rs. 215,918
KarachiRs. 235,550Rs. 215,918
LahoreRs. 235,550Rs. 215,918
IslamabadRs. 235,550Rs. 215,918
RawalpindiRs. 235,550Rs. 215,918
PeshawarRs. 235,550Rs. 215,918
QuettaRs. 235,550Rs. 215,918

Also Read: Petrol Price in Pakistan

Gold rate in Pakistan 24K Today on 03 May 2024 are Rs 202590 for 10 Gram gold, 1 Tola Rs is 236295, 1 Gram Rs is 20259 and 1 Ounce Rs is 574333. 24K Carat Gold price in Pakistan fluctuates according to the Sarafa Market. Check the latest 24K Karat gold rates in Pakistan and its every city including Karachi, Lahore, Peshawar, Islamabad & Rawalpindi as per the Karachi Sarafa Bazar Jewelers.

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Gold Price in Pakistan

Gold Price in Pakistan

According to sources, it has been a practice to close the gold price twice before, depending on the unusual fluctuations in the price of gold. There were buyers but no sellers in the market, due to which the price increased.

Gold hit a 5-month high in December as the US dollar weakened amid expectations of a slowdown in the dollar’s appreciation. US gold prices reached $1,838.30 per ounce.

What is the current per tola gold rate in Pakistan?

The current price of gold in Pakistan per tola as of 03 May, 2024, is Rs. 236,300 .

How many grams in 22k gold are there?

Gold is usually valued in fractions, and the value of 22K gold is 22/24. 22k gold, on the other hand, contains 8.33% alloy and 91.67% gold.

What Is the Value of a Tola?

Tola is measured differently in different countries. In Pakistan, however, one tola equals 11.66 grams of gold.

What causes changes in gold prices?

The main factors affecting gold prices in Pakistan and even globally are investor behavior, supply and demand. Gold is sometimes used as a hedge against inflation because, unlike paper currency, its supply does not change dramatically from year to year. Over the past 2000 years, however, demand has outstripped supply, although the growth rate of gold investment has not been particularly significant. The price of gold may vary between Pakistani cities.

Gold in Pakistan:

Since Pakistan is a net importer of gold, any increase in international markets translates into an increase in local prices. From Monday to Saturday, All Sindh Saraf Jewelers Association (ASSJA) sets gold prices for local markets in Pakistan. Apart from changes in international prices, the rupee-dollar parity has an impact on local prices. Following the devastation caused by the Covid-19 pandemic, many investors turned to gold as a safe-haven asset, sending gold prices to a decade-high in global markets. Another reason is that Pakistani rupee is considered as a low currency compared to other world currencies and the price of gold in Pakistan is always high.

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Gold prices in Pakistan closely follow the movement of the US dollar and international commodity rates as the country is a net importer of the precious metal.

Investors take refuge in this safe haven when the rupee is under pressure. Apart from this, the precious metal is also widely used in the manufacture of jewellery.

The prices of gold and silver are fixed by the respective exchange associations in their city.

The precious yellow metal is a store of value around the world, and is recognized by cultures as a symbol of wealth.

For thousands of years, gold and silver have been viewed as valuable commodities, as both metals have been widely used for coinage for centuries.

What determines the price of gold?

There are many factors that affect the price of gold on a daily basis.

Its rates move due to a combination of various factors such as supply and demand, value of the rupee against the US dollar, international prices, interest rates, investor behavior, etc.

Some people also consider gold as an inflation hedge, and the precious metal also provides support in times of economic uncertainty in a country like Pakistan. It is a global commodity like oil.

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In Pakistan, it is not easy to predict the future gold prices as the bullion market remains volatile due to several reasons.

Since last year, gold prices have seen fluctuations on rupee depreciation and economic and political uncertainty.

Demand for the precious metal increases when investors rush to buy it, which affects its price in the market.

Also, jewelry can also be considered as one of the drivers of gold prices, but a weak one, since most people buy jewelry to keep for years.

24K Gold Rate in Pakistan

When buying gold for investment it is always better to choose 24K gold as it is 100% pure. You should check the 24k gold price in Pakistan before making your investment decision. 24ct gold price today varies every day. So it is better to wait for the right time while buying and selling 24 karat gold after 24 karat gold price in Pakistan today.

Urdopoint has made it easy to keep track of 24 karat gold price in Pakistan. You can find gold price in Pakistan 24 thousand per tola, 1 gram 24 karat gold price in Pakistan, 10 gram 24 karat gold price in Pakistan, 24 kg gold price per bar in Pakistan, and gold price per ounce in Pakistan today. You can know the price.

Urdupoint regularly updates the 24 karat gold price in Pakistan today as per the latest updates from Karachi Exchange Association. Thus, you will be sure to know the latest gold rate 24k today in Pakistan on this page. A graphic display of 24 carat gold rate in Pakistan today is also available on this page so that you can understand the market trend. You can also know the price of 24 karat gold in Pakistan by looking at the above table.

Frequently Asked Questions

Question. What is the rate of gold in Pakistan today at 24 thousand per tola?

A. Current gold price per tola in Pakistan is Rs. 235,400

Q. What is the rate per tola of 22k gold today?

A. 22K gold price per tola is Rs. 215,783

Q. Why does the price of gold fluctuate?

A. When interest rates rise, so does the price of gold.

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