Gold Rate In Pakistan is one of the major concerns for the people. Its major use is in the jewelry and ornaments. Women in Pakistan wear different types of earrings, gambles, necklaces, beads, and rings also. So, it is widely used to make jewelry items for women in Pakistan. It is also very costly in Pakistan. The third most precious metal in the world is Gold. This is most important for the economy of any country. It directly relates to the GDP of the country. Most of the International currency exchanges are mainly done with the help of Gold and Dollars. The global gold market is highly interconnected with the price of gold in Pakistan. Changes in the international market have a direct influence on the gold rates in Pakistan.
Today 6 March 2024 Gold Rate In Pakistan
| Gold Purity | Rate per 10 Grams PKR | Rate per Tola in PKR |
| 24 Karat | Rs.187,671/- | Rs.218,900/- |
| 22 karat | Rs.172,032/- | Rs.200,710/- |
| 21 karat | Rs.164,213/- | Rs.191,586/- |
| 20 Karat | Rs.156,393/- | Rs.182,463/- |
| 18 Karat | Rs.140,754/- | Rs.164,217/- |
Gold Price in Pakistan is not constant at all times. Its price changes continuously as it depends on various factors such as dollar rate, international market price, Government taxes, and many more. The dollar rate mainly affects the price of Gold in Pakistan. As far as all the factors are concerned, we will provide you the most latest gold prices of different karats.
Gold Price in Major Cities of Pakistan
Gold Prices in some of the major cities of Pakistan can also vary. But these are only minor variations. We can also make a table for the rates of gold in the big cities of Pakistan. This would help us in finding the exact gold rate in big cities of Pakistan.
| City Name | Gold 24K Per Tola | Gold 24K Per 10 Grams |
| Karachi | Rs.219,000 | Rs.187,760.4 |
| Islamabad | Rs.219,140 | Rs.187,880.5 |
| Lahore | Rs.219,070 | Rs.187,820.4 |
| Multan | Rs.218,900 | Rs.187,671.2 |
| Peshawar | Rs.219,200 | Rs.187,931.9 |
Past Gold Rates in Pakistan
The rate of Gold is not the same for every day. It may have variations after every passing day. So we must check the previous prices of Gold to have an overview of the rise or fall in the price. Furthermore, having a look at the last decade’s prices of gold, we can surely say that there are not huge differences in the gold rates in Pakistan. Although the prices are very high for common people but the variations are very small and minor. Let’s have a look at the last 15 days’ gold prices in Pakistan for a better understanding of gold rates.
| Date | Gold 24K Per Tola | Gold 22K Per 10 Grams |
| 16 Dec 2023 | Rs.218,900 | Rs.172,032 |
| 15 Dec 2023 | Rs.217,300 | Rs.170,775 |
| 14 Dec 2023 | Rs.215,300 | Rs.169,203 |
| 13 Dec 2023 | Rs.213,600 | Rs.167,867 |
| 12 Dec 2023 | Rs.215,400 | Rs.169,282 |
| 11 Dec 2023 | Rs.216,300 | Rs.169,989 |
| 10 Dec 2023 | Rs.216,300 | Rs.169,989 |
| 9 Dec 2023 | Rs.217,600 | Rs.170,853 |
| 8 Dec 2023 | Rs.217,400 | Rs.170,853 |
| 7 Dec 2023 | Rs.217,100 | Rs.170,618 |
Units for the measurement of Gold
Gold is a very precious metal. Due to its unique nature, the measurements are done on a small level. Because the loss of a very small quantity of Gold means that a huge amount of money goes wasted. Due to this property of Gold, It is measured in three units which are given in the list below.
- Tola
- Ounce
- Masha
- Grams
Tola is an ancient weight measurement unit used in South Asia. Its main purpose is to facilitate the fair exchange of Precious metals. In Pakistan, tola and grams are the major units. One Pakistani Tola is equal to 11.6 grams.
There are many other different units for gold measurement. Troy Ounce is one of them. This is also used in the weighing and pricing of precious metals. For example Gold, Platinum, Silver, and Palladium. One Troy Ounce is equal to 31.1 Grams. In addition, Gold is also measured in Masha. Masha is an Indian Traditional unit of mass. One Masha is equal to 0.972 grams or 0.343 ounces.
Types Of Gold In Pakistan
Before You begin your gold-buying journey, it is essential to understand the different types of gold available in Pakistan. There are different kinds of Gold in Pakistan. Gold comes in various purities and forms including the following types which are provided in the list:
- Yellow Gold
- Rose Gold
- White Gold
- Karat Gold
- Gold Vermeil
- Solid Gold
- Gold Plated
Different Varieties of Gold
The type of gold used in the markets for daily purposes is not completely pure. It has some impurities in it. These may be some other metals like silver and platinum. To check its purity, we use Caratage. Caratage is the measurement of the purity of gold. It is derived from the French word Carat which in turn came from the carato. In Greek and Roman times, carat is the unit of weight. Gold is available in different forms which are:
- 18 karat Gold
- 20 Karat Gold
- 21 Karat Gold
- 22 Karat Gold
- 24 Karat Gold
Which Gold is Best? 22K or 24K
In contrast to 22K gold which is 8.3 % other metals like copper and silver and 91% pure gold. The 24K gold is the purest form of gold. 24K is pure gold with no other metals. This is the highest karat level for gold meaning it is 100% pure gold. It is 24 out of 24 parts gold with no other metals present. In addition, it does not have any other metals mixed with it. The higher the karat level of the gold, the more pure gold comprises the metal. On the other hand, 22 karat is 91.6% pure, and jewelry and ornaments have this type of gold. The type of gold we generally use in the earrings and necklaces is 22 Karat gold. But 24K pure gold is easily scratched and bent. So, it is impractical for daily wear.
Causes of Price Fluctuations in Gold Prices
Gold has always been regarded as a symbol of wealth and a good investment option. People invest their money in gold because it is a better option for themselves. Like the rate of the dollar in Pakistan, the price of Gold may increase or decrease accordingly. So, many people earn a lot of profit. In Pakistan, like in many other countries, The prices of gold can fluctuate significantly. Some factors play a significant role in determining the price of gold.
- Economic conditions of the country
- International gold prices
- Exchange Rates
- Inflation in the country
- Central Bank Policies
- Mining and production costs
For investment purposes, gold is a very good option. Moreover, for making jewelry and ornaments, Nothing can beat gold. However, the US dollar always dominates the value of gold as the value of the dollar directly affects the rate of gold in Pakistan. As the dollar strengthens, it can potentially make gold more expensive for foreign investors and drive the price down in the process. The central bank policies also play a vital role in determining the price of gold in Pakistan. One of the primary factors influencing the gold rates in Pakistan is the economic climate. Apart from this, interest rates and Jewelry demand are some other factors that affect the value of gold. So, we can conclude that the rates of gold in Pakistan are very high due to various reasons. The prices have a lot of fluctuations which are the result of these reasons.
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