Karachi witnessed a slight increase in gold rate in Pakistan on Sunday, with the rate of a single tola of 24-karat gold being traded at Rs 214,500. Similarly, the price for 22-karat gold was recorded at Rs 196,624 per tola as per the local bullion market reports.
| City | Gold | Silver |
| Karachi | PKR 214,500 | PKR 2,650 |
| Lahore | PKR 214,500 | PKR 2,650 |
| Islamabad | PKR 214,500 | PKR 2,650 |
| Peshawar | PKR 216,800 | PKR 2,650 |
| Quetta | PKR 214,500 | PKR 2,650 |
| Sialkot | PKR 214,500 | PKR 2,650 |
| Hyderabad | PKR 214,500 | PKR 2,650 |
| Faisalabad | PKR 214,500 | PKR 2,650 |
The gold prices in Pakistan tend to fluctuate frequently as per the international market trends, hence the prices are never fixed. The rates provided by local gold markets and Sarafa Markets of various cities are therefore considered as estimates.
| Gold Rates | Gold 24K Today | Gold 22K Today |
| Per Tola Gold | PKR 214,500 | PKR 196,624 |
| Per 10Gram Gold | PKR 183,900 | PKR 168,574 |
| Per Gram Gold | PKR 18,390 | PKR 16,857 |
The increase in gold price rate in Pakistan can be attributed to the global market trends and the demand and supply dynamics in the country. It is also worth mentioning that gold has always been an attractive investment option for people across all age groups due to its intrinsic value and long-term stability.
Despite the volatility in prices, gold has proven to be a profitable investment option over the years. It is not only used for jewelry purposes but also serves as a safe-haven investment during times of economic uncertainty.
Furthermore, the recent COVID-19 pandemic has significantly impacted the global economy, resulting in a shift in investment patterns. As a result, many investors have turned towards gold as a hedge against inflation and economic instability.
Gold rate in Pakistan have soared globally in the past few months, with prices reaching record highs. This trend is expected to continue in the coming months, making it an excellent time to invest in gold.
In conclusion, the slight increase in gold prices in Karachi on June 25th, 2023, can be attributed to global market trends and demand and supply dynamics in the country. Despite the fluctuations, gold remains a popular investment option for its intrinsic value and long-term stability. With the current economic conditions, investing in gold may prove to be a wise decision.
