Karachi – On Saturday, the price of a single tola (11.66 grams) of 24-karat gold in Pakistan was recorded at Rs 216,600, while 10 grams of 24k gold were being traded for Rs 185,700. Simultaneously, the price of 10 grams of 22k gold stood at Rs 174,470, with a single tola of 22-karat gold being sold at Rs 203,490.
It is important to note that the gold rate in Pakistan is subject to fluctuations according to the international market, making it challenging to establish fixed prices. The rates provided below are based on the local gold markets and Sarafa Markets across different cities in the country.
Current Gold Prices in Pakistan (24 June 2023)
| City | Gold Price (per tola) | Silver Price (per ounce) |
|---|---|---|
| Lahore | PKR 216,600 | PKR 2,415 |
| Karachi | PKR 216,600 | PKR 2,415 |
| Islamabad | PKR 216,600 | PKR 2,415 |
| Peshawar | PKR 216,600 | PKR 2,415 |
| Quetta | PKR 216,600 | PKR 2,415 |
| Sialkot | PKR 216,600 | PKR 2,415 |
| Attock | PKR 216,600 | PKR 2,415 |
| Gujranwala | PKR 216,600 | PKR 2,415 |
| Jehlum | PKR 216,600 | PKR 2,415 |
| Multan | PKR 216,600 | PKR 2,415 |
| Bahawalpur | PKR 216,600 | PKR 2,415 |
| Gujrat | PKR 216,600 | PKR 2,415 |
| Nawabshah | PKR 216,600 | PKR 2,415 |
| Chakwal | PKR 216,600 | PKR 2,415 |
| Hyderabad | PKR 216,600 | PKR 2,415 |
| Nowshera | PKR 216,600 | PKR 2,415 |
| Sargodha | PKR 216,600 | PKR 2,415 |
| Faisalabad | PKR 216,600 | PKR 2,415 |
| Mirpur | PKR 216,600 | PKR 2,415 |
Gold, a precious metal admired for its beauty and value, continues to hold a significant place in Pakistan’s market. Investors and enthusiasts closely follow the gold rates, which are influenced by various factors, including global economic conditions, supply and demand dynamics, and geopolitical events.
The price of gold in Pakistan is primarily linked to the international market, where it is traded in US dollars. As a result, fluctuations in the global gold market impact the local rates in Pakistan. Investors and traders track these changes to make informed decisions regarding their gold investments.
Gold has long been considered a safe haven for investors during times of economic uncertainty. When stock markets are volatile or currencies face instability, investors often turn to gold as a reliable store of value. This behavior creates demand for gold, thereby influencing its price.
In recent years, the global gold market has witnessed fluctuations due to several factors. These include changes in interest rates, inflationary pressures, trade tensions between major economies, and political events that impact global stability. As a result, the prices of gold have experienced ups and downs, affecting the rates in Pakistan.
To keep up with the latest gold rates, people rely on various sources of information. Local gold markets and Sarafa Markets play a crucial role in providing accurate and up-to-date prices across different cities in Pakistan. The prices are announced on a daily basis, enabling individuals to make informed decisions when buying or selling gold.
Investing in gold can be a prudent strategy for diversifying one’s investment portfolio. It not only offers potential price appreciation but also serves as a hedge against inflation and currency devaluation. However, it is essential to conduct thorough research and seek professional advice before entering the gold market, as it carries inherent risks.
In conclusion, the price of gold in Pakistan fluctuates in accordance with the international market. The rates provided by local gold markets and Sarafa Markets are subject to change daily. Investors and enthusiasts keenly observe these fluctuations to make informed decisions about their gold investments. With the ever-changing dynamics of the global gold market, staying updated with the latest prices becomes crucial for those involved in the gold trade.
