Gold has been a part of people’s lives in Pakistan for centuries, not only as a rich and traditional tradition but even as a safe investment. The current price of gold in Pakistan is at the following amounts:
- 1 Tola (24 Karat): Rs. 360,000
- 1 Tola (22 Karat): Rs. 330,000
- 10 Grams (24 Karat): Rs. 308,650
- 10 Grams (22 Karat): Rs. 282,929
- Per Gram (24 Karat): Rs. 30,865
- Per Gram (22 Karat): Rs. 28,292
They are dependent on market variations and economic considerations that shift the gold price day by day.
Which Factors Make the Gold Rate Change in Pakistan?
The price of gold in Pakistan does not move on its own. Global and local factors govern it:
- Jewelry Demand and Supply: Higher demand for the wedding season tends to rise prices.
- Interest Rates: Low interest rates increase the attractiveness of investing in gold.
- Geopolitical Tensions: Instability or conflict increases demand for havens like gold.
- Inflation and Deflation: Gold rises with inflation as it preserves purchasing power.
- Monetary Policy: Central banking directly influences currency values and gold prices.
- Risk Appetite: Investors invest in gold when there is economic uncertainty.
- Dollar Value: Gold is sold globally in U.S. dollars, and thus, a strong dollar will reduce gold prices in Pakistan.
- Investment Demand: ETFs and other investment vehicles drive market dynamics.
Understanding these factors allows one to make intelligent decisions when buying or investing in gold. For individual consumption or financial security, knowledge of the gold rate in Pakistan is vital in today’s economic environment.