Current Gold Prices in Pakistan
As of May 13, 2024, the gold market in Pakistan reflects dynamic pricing influenced by global market shifts and local market conditions. This article explores the current gold rates, the factors affecting these rates, and insights into the gold market across major cities in Pakistan.
Current Gold Rates in Pakistan
As of the most recent update, the price of 24-karat gold in major Pakistani cities like Karachi, Lahore, Islamabad, Peshawar, Quetta, Sialkot, Hyderabad, and Faisalabad is PKR 239,700 per tola. Additionally, the bullion market lists the rate of PKR 205,510 per 10 grams for 24-karat gold.
Consistency Across Cities
The gold and silver prices remain consistent across various cities in Pakistan as follows:
| City | Gold Price (24K) | Silver Price (per tola) |
|---|---|---|
| Karachi | PKR 239,700 | PKR 2,550 |
| Lahore | PKR 239,700 | PKR 2,550 |
| Islamabad | PKR 239,700 | PKR 2,550 |
| Peshawar | PKR 239,700 | PKR 2,550 |
| Quetta | PKR 239,700 | PKR 2,550 |
| Sialkot | PKR 239,700 | PKR 2,550 |
| Hyderabad | PKR 239,700 | PKR 2,550 |
| Faisalabad | PKR 239,700 | PKR 2,550 |
It is important to note that these rates are subject to frequent adjustments due to the ever-changing dynamics of the global gold market and the influence of local gold and Sarafa Markets.
Understanding Gold Measurements
In Pakistan, gold is typically measured in two units:
- Tola: A traditional unit of measurement, where one tola equals 11.6638 grams.
- Gram: The standard international unit of measurement for gold.
Article: Gold price in Pakistan falls for sixth consecutive day
Conclusion
The gold market in Pakistan is not only influenced by global economic factors but also by local market dynamics and consumer behavior. Understanding the intricacies of gold pricing helps investors and consumers make informed decisions. Keep in mind that gold prices are dynamic and subject to change rapidly, reflecting the pulse of global and local economic trends.
