According to the Pakistan gold market, today 21-November-2024 gold rate in Pakistan is PKR 2,78700 per tola. Gold prices in Pakistan fluctuate continuously and majorly impact the country’s stability. Gold has always been a topic of interest in everyday life; everyone knows about this expensive metal and its versatility. Gold has a special place in the heart of the Pakistanis, they are not just taken as a commodity. Because gold is not only used for traditional events from centuries ago, it is considered a symbol of security and wealth. Let’s explore the Gold rates in Pakistan, and how they are determined by the international market, local market demand and Pakistani rupee value, which factors impact the global gold prices regularly.
Current Gold Rate In Pakistan
Let’s know about the value of gold per gram, per tola in the language of the global market, how much 18 karats, 21 karats, 22 karats, and 24k gold rate in Pakistan today.
| Gold Types | 1 Gram | 10 Gram | 1 Tola | 1 Kilogram |
|---|---|---|---|---|
|
18-Karat |
17,168 |
1,71683 |
2,00250 |
17,168,000 |
|
21-Karat |
20,030 |
2,00296 |
2,33635 |
20,030,000 |
|
22-Karat |
20,983 |
2,09833 |
2,44748 |
20,983,000 |
|
24-Karat |
24,456 |
2,44560 |
2,85250 |
24,456,000 |
Factors Affecting The Gold Rate Trend in Pakistan
Understanding all the factors that impact the gold rate in Pakistan per tola is important for investors and consumers. When you have been know in advance the trend of this precious metal you can make wise decisions in the gold market as an investor or consumer. Let’s have a look at some of the mentioned factors:
International & Local Market Trends
International market trends and local are understood by economic indicators such as inflation, dollar rate, interest rate, investment demands, etc. All factors play a crucial role in any fast-growing country. So when the global inflation, interest rate or any other factor increases in any country the gold price is automatically influenced by those factors. It also depends on the currency exchange rate, because when the USD price is high, that country’s currency will face significant challenges with the gold price, especially in gold trading missions from the global level to the target country.
Seasonal Fluctuation
The seasonal demand from local consumers impacts gold rates in Pakistan, usually during cultural festivals, wedding seasons, and particularly religious festivals. According to the Country’s stats, because of the high percentage of weddings has been observed gold prices constantly increased for the last 10 years from November to March. Secondly, gold prices are mostly high during Eid festivals. Probably we see a decrease in the gold rate during the month of Zill Hajj and a fall in the US dollar.
Government Policies and Taxies
Government policies and taxation rules also play a crucial role in today’s gold rate in Pakistan and international markets. In various countries, gold is imported like China, India, Russia, Pakistan, and many others. According to my knowledge when gold is imported into a country the government puts duties and tariffs on the importers. So when importers bring gold into a country it pay some duties, that why gold consumers face heavy prices on this precious metal. Apart from that, trade sanctions and economic agreements also affect the gold prices in a country.
Investment Demand
The current gold rate in Pakistan as well as internationally is impacted by inflation, import and export ratio as well as economic instability. All these factors have a major effect on investment demand. When inflation increases the currency value will decrease and the gold price will increase which means investors can benefit from gold purchasing. When the export ratio increased and the stock market decreased then the price of gold also up with stock situations. According to current situations, many investors keep gold as a stock for the future, they believe the gold price more increase in the upcoming years or months. All these things indicate the investment demand for gold increased globally and due to this gold is made more precious day by day. Gold and silver rates in Pakistan are almost influenced by the same factors globally may have some impact more any of them.
Today’s Gold Rate In Pakistan Per Tola From Different Cities
The gold rate graph in Pakistan fluctuates every day but for your ease, you can see the updated gold values of Pakistan’s different cities in the mentioned table;
| Cities | 1 Gram | 10 Gram | 1 Tola |
|---|---|---|---|
|
Lahore |
22,907 |
2,29070 |
2,67100 |
|
Karachi |
22,915 |
2,29150 |
2,67190 |
|
Quetta |
22,935 |
2,29350 |
2,67430 |
|
Rawalpindi |
22,926 |
2,29260 |
2,67320 |
|
Multan |
22,939 |
2,29390 |
2,67480 |
|
Faiaslabad |
22,922 |
2,29220 |
2,67280 |
|
Peshawar |
22,928 |
2,29280 |
2,67350 |
|
Gujranwala |
22,946 |
2,29460 |
2,67560 |
|
Abbottabad |
22,921 |
2,29210 |
2,67921 |
|
Sialkot |
22,937 |
2,29370 |
2,67450 |
Gold Price In International Markets
The price of gold in other currencies is mentioned here, check the value and keep yourself updated with international gold trends;
| Countries | 1 Gram | 1 Tola | PKR |
|---|---|---|---|
|
United State |
$82.59 |
$963 |
268975.14 |
|
United Kingdom |
£62.52 |
£729 |
269246.43 |
|
Saudi Arabia |
SAR 309.57 |
SAR 3,610 |
268667.39 |
|
India |
₹6,287.31 |
₹73,310.15 |
244721.65 |
|
United Arab Emirates |
AED 303.17 |
AED 3,535 |
268817.69 |
|
China |
CN¥ 584.56 |
CN¥ 6,816 |
269290.20 |
|
Türkiye |
₺2887.86 |
₺33672.44 |
276247.44 |
|
Netherlands |
€78.10 |
€910.64 |
283128.98 |
|
Kuwait |
KWD 26.52 |
KWD 309.22 |
283211.24 |
|
Singapore |
S$113.0 |
S$1317.58 |
368012.74 |
Highest Gold Rate in Pakistan’s History
Gold prices have always been the topic of discussion for those who know its worth, such as investors consumers and buyers. However, over the past decade, they have continually seen an increase in the gold rate with dollar fluctuation. According to the current country conditions, inflation rate, investment demand, and international market trend in the metal, we see a historical high in the Pakistan gold price. In the history of Pakistan, the highest gold rate in PKR was observed at 2,92100(Two hundred Nintey-two thousand one hundred.) in November 2024. This is the gold hits new record in Pakistan. The highest gold rate indicates the challenges for local and global markets. That’s why gold is less accessible to people because of its rising price. The price of gold will not decrease until our country is stable, meaning we won’t be dependent on others. So we need to balance all the influences factors that have a major impact on metal prices.
Frequently Ask Question(FAQ’s)
Conclusion
This time gold rate in Pakistan is at its peak in history, but we need to understand the condition of the country. How do the above-mentioned factors impact its prices, and how we can stay updated with local and international gold markets? Because when you will know already the market trend and demand you can make wise decisions in gold investment, buying or selling. In the end, I suggest you all Stay tuned with us for regular gold market price updates from Pakistan as well as across-the-world trends. You can check also, the other metal details and prices on our platform.observed