Gold Price in Pakistan Today 2024 | 1 Tola 10 Gram Cruunt Rate
Gold price in Pakistan today stands at approximately Rs 289,431.80 per tola and Rs 248,145.20 per 10 grams. These prices fluctuate daily due to various economic factors, making it essential for potential buyers and investors to stay updated.
Gold holds a special place in Pakistani culture, cherished for its role in weddings, celebrations, and as a form of investment. The popularity of gold prices reflects both cultural values and the economic reliance on gold as a secure asset in times of uncertainty.
Gold Prices in Pakistan Today (Updated)
Gold prices in Pakistan are constantly shifting due to factors like international market trends, currency exchange rates, and local demand. Monitoring these updates is essential for anyone considering gold investments or purchases, as these fluctuations impact both affordability and investment value.
| Gold Quantity and Purity | Price in Pakistan |
|---|---|
| per Gram Gold (22 Karat) | Rs. 18,834 |
| 10 Grams (22 Karat) | Rs. 187,594 |
| 1 Tola (22 Karat) | Rs. 218,805 |
| 1 Tola (24 Karat) | Rs. 238,700 |
| per Gram Gold (24 Karat) | Rs. 20,546 |
| 10 Grams (24 Karat) | Rs. 205,460 |
Comparative Gold Rates in Different Pakistani Cities
| City | 24K Gold | 22K Gold |
|---|---|---|
| Islamabad | Rs. 289,431.80 | Rs. 265,358 |
| Peshawar | Rs. 289,431.80 | Rs. 265,358 |
| Karachi | Rs. 289,431.80 | Rs. 265,358 |
| Lahore | Rs. 289,431.80 | Rs. 265,358 |
| Multan | Rs. 289,431.80 | Rs. 265,358 |
Also Read: Diamond Ring Prices in Pakistan
Major Gold Suppliers in Pakistan
Several reputable gold suppliers in Pakistan provide high-quality gold, trusted by buyers for their reliability and authenticity.
- Talha Golds
- New Saddar Golds
- Sonia Jewels
- Arafat Jewelers
- Star Harvest
- Giga Group
- Firdous Jewellers
- GoldTech Scales
- New Maria Jewelers
- Taiba International
Factors Influencing Gold Price in Pakistan
Global Economic Conditions
Global economic stability or instability plays a major role in determining gold prices. During economic downturns or geopolitical tensions, investors often turn to gold as a safe-haven asset, driving up its Rate worldwide, which affects the rates in Pakistan.
Currency Exchange Rates
The strength of the Pakistani rupee compared to the U.S. dollar significantly impacts gold prices. When the rupee weakens, gold prices tend to rise as gold is traded internationally in dollars, making it more expensive in local currency.
Inflation and Interest Rates
High inflation and low-interest rates often lead to increased gold prices. In Pakistan, where inflation can be high, people invest in gold to safeguard their purchasing power, which further drives up the demand and price.
Local Demand and Cultural Factors
Local demand, driven largely by cultural events like weddings and festivals, influences gold prices in Pakistan. When demand spikes during peak seasons, it can lead to temporary Rate increases, reflecting the strong cultural affinity for gold.
Gold Buying Guide in Pakistan
- Check Purity and Hallmarking: Always verify the purity, such as 22k or 24k, and look for hallmarking to ensure authenticity.
- Compare Market Rates: Gold prices fluctuate daily, so comparing rates across sellers helps secure the best deal.
- Buy from Reputable Sellers: Choose trusted jewelers or certified gold dealers to ensure quality and avoid counterfeit products.
- Consider Certification: Certified gold with proper documentation can add value and assurance for future resale.
- Assess Investment Goals: Decide whether the gold is for jewelry, long-term savings, or investment, as each purpose may influence the type and quantity of gold to buy.
Impact of Gold Prices on the Pakistani Economy
How Rising Gold Prices Affect Local Markets
As gold becomes more expensive, it affects wedding costs, jewelry purchases, and general consumer behavior, slowing down demand during high-price phases.
Influence on Imports and Exports
Gold imports can create strain on Pakistan’s currency, especially when prices soar, influencing the country’s trade balance.
Impact on Currency Stability
High demand for gold can sometimes impact currency stability, as people turn to gold rather than bank savings, affecting liquidity in the market.
Tips for Selling Gold at the Best Price
Research Current Market Prices
Before selling, check the current gold rates to understand the market value and ensure you’re getting a fair price. Staying updated on prices can give you leverage when negotiating with buyers.
Sell to Reputable Buyers
Choose established jewelers or certified gold dealers when selling your gold. Reputable buyers are more likely to offer a fair price and provide a transparent selling process.
Get Multiple Offers
Don’t settle for the first offer visit multiple buyers to compare offers. Different buyers may offer varying rates, so getting several quotes helps you secure the best deal.
Understand Your Gold’s Weight and Purity
Understanding the exact weight and purity (karat) of your gold is essential. Buyers determine prices based on these factors, so knowing them helps you ensure accurate valuation and prevents undervaluing.
Also Read: Gold Ring Prices Today in Pakistan
Overall Conclusion
Gold remains a valuable asset in Pakistan, influenced by a variety of economic factors and cultural importance. Staying informed about gold prices, understanding buying and selling tips, and choosing reputable dealers can help maximize value. Whether for investment or personal use, making well-informed decisions about gold ensures financial security and long-term benefits.
