14th December 2020
Gold Rate in Pakistan Today
During the coronavirus pandemic, the demand for Gold is continuously being increased. Gold is probably quite a safe investment these days as it is barely losing any value. Gold is also in high demand in Pakistan due to the cultural ties and the Jewelry business. You can easily convert your gold into cash within any city in Pakistan. Based on the purity, it is offered in various forms such as 24K, 22K, etc with the weight of either 10 grams or 1 Tola. Jewelers are present everywhere and women tend to buy gold or replace their existing jewelry at regular intervals. When you convert your existing jewelry or order development new jewelry, Jewelers also charge the making costs on top of gold rates per quality and weight. The Middle East is considered as a primary market for gold imports and the gold rates also fluctuate based on USD rates on daily basis. In Pakistan, specific Sarafa markets in different cities decide the gold rates they can trade on daily basis. The following table illustrates today’s gold rates witnessed in different cities of Pakistan. Usually, the gold rates are the same in different cities of Pakistan but for clarity, we have captured the Gold Rates in Pakistan for all major cities, including Karachi, Lahore, Peshawar, and Islamabad in the table below:
|City||22K 10 Grams||22K per Tola||24K 10 Grams||24K per Tola|
|Lahore||Rs. 86,166||Rs. 100,994||Rs. 94,000||Rs. 110,175|
|Karachi||Rs. 86,166||Rs. 100,994||Rs. 94,000||Rs. 110,175|
|Islamabad||Rs. 86,166||Rs. 100,994||Rs. 94,000||Rs. 110,175|
|Rawalpindi||Rs. 86,166||Rs. 100,994||Rs. 94,000||Rs. 110,175|
|Quetta||Rs. 86,166||Rs. 100,994||Rs. 94,000||Rs. 110,175|
|Peshawar||Rs. 86,166||Rs. 100,994||Rs. 94,000||Rs. 110,175|
|Nation-wide||Rs. 86,166||Rs. 100,994||Rs. 94,000||Rs. 110,175|
Key Factors that Drive the Gold Price
The gold rates in Pakistan are also derived from the overall global demand of gold. Gold is used at a very large-scaled in the jewelry making industry. In Asian communities, gold is considered as wealth and does transfer from one generation to the second generation. The gold prices are increased if the global demand is increased. It is observed that when the interest rates are low, the gold rates go high because of the low opportunity cost involved with precious metals like gold. At the time of high inflation rates, creditors start losing money so they are more inclined to buy or hold more gold. The fluctuation in the USD also drives the gold price and is directly linked if USD goes up, the gold price also see hikes.
Gold Price Today
Gold price changes on daily basis so keep watching this page to get the latest gold price in Pakistan.
Gold Price in the UK
Gold price in the UK will be published on a regular basis however that will be in UK currency GBP.