Gold is considered the best investment for the future. Pakistani women love Gold jewelry and Gold is considered as good as cash. The Gold Rate in Pakistan is never fixed, it is fluctuating according to the international Gold rates. Most gold is imported in Pakistan from Gulf countries, the Gold price depends on the current Dollar rate. Gold is categorized according to its grade and quality. In Pakistan, 22K and 24K gold is sold, which is measured as per tola and 10 grams weight. Gold jewelry also has to make cost which is calculated according to the design of the product. Today Gold rate in Pakistan is Rs. 114,800 per 10 grams and Rs. 133,900 per tola. The rates are normally the same all over Pakistan, however, every city Sarafa market decides the current gold rate. The Gold Rates in all major cities of Pakistan, including Karachi, Lahore, Peshawar, and Islamabad are given below.
Today Gold Rates Pakistan Karachi
Check the latest Gold prices updated on March 23, 2022, on the Finance updates website. The standards of gold rates are accumulated in London Bullion Market and sometimes by IMF as they have the sole authority.
| GOLD RATE | SOURCE: (KARACHI SARAF) |
|---|---|
| Gold 24k Per Tola | Rs133,900 |
| Gold 24k Per 10 Gram | Rs114,800 |
| Gold 22k Per 10 Gram | Rs105,233 |
| Gold 22k per tola | Rs122,742 |
Key Factors that Drive the Gold Price
Overall global demand for gold; derives the gold rate in Pakistan. The jewelry-making industry uses gold on a very large scale. In Asian communities, gold is considered wealth and transfers from one generation to the second generation. The gold prices are increased if the global demand is increased. When 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 the USD goes up, the gold price also sees hikes.
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