The gold price in Pakistan is currently hovering around Rs 290,300 per tola, with 10 grams priced at Rs 250,430 . These rates reflect ongoing fluctuations influenced by global market trends and local economic factors.
Today, Pakistan’s gold market is driven by international price movements and domestic demand. Factors such as currency exchange rates, inflation, and the Pakistani rupee’s value are crucial in shaping gold prices.
Current Gold Price in Pakistan
The gold price in Pakistan continues to fluctuate, with rates differing slightly across provinces. Staying updated on the latest prices is essential for informed buying and selling decisions.
Gold Prices
| Gold Rate | 24K Gold | 22K Gold |
|---|---|---|
| Per Tola Gold | Rs. 290,300 | Rs. 267,758 |
| Per 10 Gram Gold | Rs. 248,890 | Rs. 219,126 |
| Per 1 Gram Gold | Rs. 24,889 | Rs. 23,679 |
Also Read: Diamond Ring Prices
Factors Influencing Gold Price in Pakistan
Several key factors drive the gold price in Pakistan, affecting both the local and international markets. Understanding these influences is crucial for predicting price movements.
- International gold prices: Global market trends directly impact local rates.
- Pakistani rupee value: Currency fluctuations against the U.S. dollar play a significant role.
- Inflation rates: Higher inflation often leads to rising gold prices.
- Demand and supply: Local market demand and availability affect pricing.
Gold Purchase and Selling in Pakistan
Buying and selling gold in Pakistan is a common practice, influenced by market rates and trends whether you’re purchasing for investment or selling for profit, timing and location matter.
Where to Buy Gold in Pakistan
- Local gold markets in major cities like Karachi, Lahore, and Peshawar.
- Trusted jewelers with a solid reputation for purity and fair pricing.
- Gold dealers and bullion markets specializing in investment-grade gold.
- Online platforms are offering verified gold buying options.
Tips for Selling Gold at the Best Price
- Monitor live gold prices to time your sale optimally.
- Sell through reliable dealers or jewelers to avoid scams.
- Check market demand for the type of gold you own, like jewelry or bars.
- Consider regional price differences and sell where rates are higher.
Gold Rate in Different Cities of Pakistan
Gold Rate in Different Cities
| City | 24K Gold | 22K Gold |
|---|---|---|
| Lahore | Rs. 290,300 | Rs. 267,758 |
| Multan | Rs. 290,300 | Rs. 267,758 |
| Karachi | Rs. 290,300 | Rs. 267,758 |
| Peshawar | Rs. 290,300 | Rs. 267,758 |
| Islamabad | Rs. 290,300 | Rs. 267,758 |
Also Read: Gold Ring price
Overall Conclusion
Multiple factors, including international trends, currency fluctuations, and local demand shape the gold price in Pakistan. As we move into 2024, the market is expected to remain dynamic, with potential for both short-term spikes and long-term gains.
For investors and buyers, staying updated on current rates and understanding the factors influencing prices is essential for making informed decisions. Whether you’re purchasing gold for investment or personal use, timing and market awareness will be key to maximizing your returns.
