Today, the gold prices in Pakistan are sitting at a pretty high point, with the rate for 24 karat gold being Rs.200,000 per tola. For those who prefer 22 karat gold, the price is at Rs.196,807 per tola. For those who prefer 10-gram measurements, the price for 24 karat gold is at Rs.171470 per 10 grams, while the price for 22 karat gold is at Rs.15718 per 10 grams. These high prices indicate a strong demand for gold in Pakistan, as people are willing to pay top dollar for this precious metal. Whether you’re an investor or simply someone who appreciates the beauty of gold, it’s certainly an exciting time to stay up-to-date on the latest gold prices in Pakistan.
Gold Rate in Pakistan Today 10 October 2023
|Gold Price||24K Gold Rate Today||22K Gold Rate Today|
|per Tola Gold||Rs.200,000||Rs.196,807|
|per 10 Grams||Rs.171470||Rs. 15718|
|per Gram Gold||Rs.17147||Rs. 15325|
Gold Price in Pakistan Today 10 October 2023
The gold market in Pakistan has once again seen a change on this 10th of October 2023, with the price of 24-karat gold standing at Rs200,000 per tola. This translates to approximately Rs171470 for ten grams and Rs17147 for a single gram. The slightly lower 22-karat variant is being sold at Rs196,807 for ten grams and Rs15325 for a single gram. This constant fluctuation in the gold market is a reflection of its value as an investment, making it a popular choice among investors.
International Impact on Local Markets
In order to provide the most accurate rates, local gold markets and Sarafa markets in different cities closely track the international market. This helps in providing a fair assessment of the current prices and ensures that customers are getting the best value for their money.
Gold Price Trends
As seen from the current rates, gold continues to hold its value as an investment option. However, it is important to note that these rates are subject to change and it is advisable to check for regular updates.
Gold Price in Pakistan Today 10 October 2023
The gold rates in Pakistan have been updated for 10 October 2023. For 24K gold, the rate per Tola is set at Rs.200,000, whereas for 22K gold, it is Rs.196,807. The price for 10 grams of 24K gold stands at Rs.171470 and Rs.15718 for 22K gold.
On a per gram basis, the rates for 24K and 22K gold are Rs.17147 and Rs.15325 respectively. This means that even small quantities of investment in gold can be beneficial in the long run.
Gold Rates for Different Karats
Apart from the standard 24K and 22K gold, there are also other karat options available in the market. These include:
- 21 Karat: Rs.175000 per Tola | Rs.15004 per gram
- 18 Karat: Rs.150000 per Tola | Rs.12860 per gram
- 12 Karat: Rs.100000 per Tola | Rs.8574 per gram
It is important for investors to understand the difference in purity and value of these karats before making a purchase.
Today Gold Price in Major Cities Of Pakistan 10 October 2023
The gold rates may vary slightly in different cities, however, there is usually a negligible difference. As of 10 October 2023, the gold prices in major cities across Pakistan are as follows:
|Sialkot||Rs. 200,000||Rs. 2,270|
|Jehlum||Rs. 200,000||Rs. 2,270|
|Gujrat||Rs. 200,000||Rs. 2,270|
|Nawabshah||Rs. 200,000||Rs. 2,270|
|Mirpur||Rs. 200,000||Rs. 2,270|
It’s important to note that the gold and silver prices are subject to fluctuation based on global economic conditions and market demand. Investors and buyers are advised to stay updated with the current rates and trends to make informed buying decisions. Remember, the rarity, versatility, and timeless value of these precious metals have made them a sought-after commodity worldwide. Therefore, understanding the dynamics of their pricing can help ensure profitable investments.
Variations in Gold Prices Across Cities
While the gold prices may vary slightly in different cities, there is usually a negligible difference. This can be attributed to the standardization of gold prices across the country. However, it is important to note that there may be slight variations due to demand and supply factors in specific cities.
Factors Affecting Gold Rates in Pakistan
Gold is considered a valuable asset all around the world and its price is often seen as a reflection of the economy’s health. In Pakistan, gold rates are determined by various factors that influence its demand and supply in the local market.
The political stability of a country has a significant impact on its financial markets, including the price of gold. In Pakistan, any political turmoil or uncertainty can cause fluctuations in the gold rates. For instance, during times of political instability, investors tend to turn to gold as a safe-haven asset, which increases its demand and subsequently drives up its price.
The overall economic conditions of a country also play a crucial role in determining the gold rates. In Pakistan, factors such as inflation, interest rates, and currency exchange rates can affect the price of gold. For instance, if there is high inflation in the country, investors may turn to gold as a hedge against inflation, which leads to an increase in its demand and subsequently its price.
Global Market Trends
The global market trends also have a significant impact on the gold rates in Pakistan. As Pakistan is a net importer of gold, any changes in the international market prices can directly affect the local rates. For instance, if there is a global economic crisis or instability, it can cause an increase in the demand for gold, which will drive up its price not only globally but also in Pakistan.
Supply and Demand
The simple economic principle of supply and demand also applies to the gold rates in Pakistan. The local demand for gold is influenced by cultural factors, such as weddings and other religious occasions, where gold is an essential part of gift-giving traditions. On the other hand, the supply of gold in Pakistan depends on its import and availability from international markets.
The government policies related to gold also affect its rates in Pakistan. For instance, any changes in the import regulations or taxes can impact the supply and demand of gold in the local market, which can ultimately affect its price. Additionally, any measures taken by the government to stabilize the economy, such as increasing interest rates or devaluing the currency, can also have an indirect impact on the gold rates.
In conclusion, keeping track of gold prices in major cities of Pakistan is essential for both citizens and investors. It not only reflects economic stability but also impacts various industries such as jewelry and banking. The current gold prices in Pakistan are at a steady rate, but it is always recommended to monitor any fluctuations for potential investment opportunities. So, stay informed and make wise decisions!
Use this article as a guide only, the prices may have changed by the time you read this.