Karachi, the financial hub of Pakistan, holds significant importance in the bullion market. Investors and individuals alike closely monitor the gold rates in the city. As of Thursday, June 22, 2023, the price of gold per tola (24-karat) in Karachi stands at Rs 219.100, while the rate for 22-karat gold is recorded at Rs 200.840 per tola. This article will provide a comprehensive overview of the current gold rates in Pakistan, catering to the interests of both investors and consumers.
In Karachi’s bullion market, gold rates experience regular fluctuations influenced by global market trends, economic factors, and supply and demand dynamics. As of today, June 22, 2023, the gold price for a tola of 24-karat gold is Rs 219.100. The 22-karat gold price, on the other hand, is currently valued at Rs 200.840 per tola. It is important to note that these rates are subject to change and should be verified before making any investment or purchase.
| City | Gold | Silver |
| Karachi | PKR 219.100 | PKR 2,650 |
| Lahore | PKR 219.100 | PKR 2,650 |
| Islamabad | PKR 219.100 | PKR 2,650 |
| Peshawar | PKR 219.100 | PKR 2,650 |
| Quetta | PKR 219.100 | PKR 2,650 |
| Sialkot | PKR 219.100 | PKR 2,650 |
| Hyderabad | PKR 219.100 | PKR 2,650 |
The gold market is sensitive to a multitude of factors that impact its pricing. Global economic conditions, political stability, inflation rates, and currency values are among the key influencers. As investors seek safe-haven assets during times of uncertainty, the demand for gold tends to increase, subsequently driving up its price. Conversely, during periods of stability and economic growth, the demand for gold may decrease, leading to a decline in prices.
For individuals considering investment in gold, monitoring and analyzing the market trends and rates is crucial. Gold has historically been considered a reliable store of value and a hedge against inflation. It can diversify investment portfolios and serve as a long-term asset. However, it is advisable to consult with financial experts or analysts before making any investment decisions to ensure alignment with personal financial goals and risk tolerance.
Gold is not only an investment asset but also holds cultural and sentimental value in many communities. Local consumers, including jewelry makers and buyers, closely monitor gold rates in Pakistan to determine the best time to purchase or sell gold. Fluctuations in gold prices can significantly impact jewelry prices, making it important for consumers to stay updated on the latest rates to make informed decisions.
Karachi, being a significant player in the bullion market, experiences regular fluctuations in gold rates. As of June 22, 2023, the gold rate in Karachi stands at Rs 219.100 per tola for 24-karat gold and Rs 200.840 per tola for 22-karat gold. These rates are subject to change due to various economic and global factors. Both investors and consumers can benefit from staying informed about the latest gold rates to make educated investment or purchasing decisions. Remember to consult with financial experts or analysts before making any significant financial commitments.
