Gold prices in Pakistan are fluctuating with time, but the current rate for today, the 14th of October 2023, is quite remarkable. The 24K gold rate for a tola is Rs.207,900, which is quite promising if compared to the past records. Similarly, the rates for 22K, 21K, and 18K gold per tola are Rs.190,575, Rs.181,912.50 and Rs.155,925 respectively. Furthermore, the rates of 10 grams of gold are Rs.178,240, Rs.163,386.67, Rs.155,960, and Rs.133,680 for 24K, 22K, 21K, and 18K respectively. The rates of 1 gram of 24K, 22K, 21K, and 18K gold are Rs.17,824, Rs.16,338.67, Rs.15,596, and Rs.13,368, respectively. Gold lovers and investors must be delighted with these rates as they are quite reasonable and profitable.
Gold Rate in Pakistan Today 14 October 2023
|Gold Rate||24K Gold||22K Gold||21K Gold|
|Per Tola Gold||Rs.207,900||Rs.190,575||Rs.181,912.500|
|Per 10 Gram Gold||Rs.178,240||Rs.163,386.667||Rs.155,960|
|Per 1 Gram Gold||Rs.17,824||Rs.16,338.667||Rs.15,596|
Today Gold Rate in Major Cities Of Pakistan 14 October 2023
|Lahore||PKR 207,900||PKR 2,304|
|Karachi||PKR 207,900||PKR 2,304|
|Islamabad||PKR 207,900||PKR 2,304|
|Peshawar||PKR 207,900||PKR 2,304|
|Quetta||PKR 207,900||PKR 2,304|
|Sialkot||PKR 207,900||PKR 2,304|
|Attock||PKR 207,900||PKR 2,304|
|Gujranwala||PKR 207,900||PKR 2,304|
|Jehlum||PKR 207,900||PKR 2,304|
|Multan||PKR 207,900||PKR 2,304|
|Bahawalpur||PKR 207,900||PKR 2,304|
|Gujrat||PKR 207,900||PKR 2,304|
|Nawabshah||PKR 207,900||PKR 2,304|
|Chakwal||PKR 207,900||PKR 2,304|
|Hyderabad||PKR 207,900||PKR 2,304|
|Nowshehra||PKR 207,900||PKR 2,304|
|Sargodha||PKR 207,900||PKR 2,304|
|Faisalabad||PKR 207,900||PKR 2,304|
|Mirpur||PKR 207,900||PKR 2,304|
In the bustling markets of Pakistan’s major cities, gold and silver rates remain unvaried as of 14th October 2023. In cities from Lahore to Karachi, Islamabad to Peshawar and Quetta to Sialkot, the gold rate is consistent at PKR 207,900. Similarly, from Attock to Gujranwala, Jehlum to Multan, and Bahawalpur to Gujrat, the silver rate is standing steady at PKR 2,304.
Continuing the trend, cities like Nawabshah, Chakwal, Hyderabad, Nowshehra, and Sargodha also report the same gold and silver rates. Lastly, in Faisalabad and Mirpur, the markets reflect identical rates with gold at PKR 207,900 and silver at PKR 2,304.
These rates indicate a stable precious metals market across the country, offering consistent pricing for investors and consumers alike. Keep following for updates as market conditions change.
Factors Affecting Gold Rates in Major Cities of Pakistan
In recent years, gold has become a popular investment option for individuals and businesses alike. Its value is not only determined by global market trends but also affected by various factors that are specific to each country. In this article, we will discuss the factors that influence gold rates in major cities of Pakistan.
One of the main factors affecting gold rates in Pakistan is political stability. Any political unrest, uncertainty or instability can lead to a rise in gold prices due to investors turning towards safer options such as gold. This was seen in 2020 when the COVID-19 pandemic and subsequent lockdowns caused a decrease in economic activities leading to a decrease in global demand for goods and services. In such times, gold prices tend to rise as it is considered a safe-haven asset.
The economic condition of a country also plays a major role in determining gold rates. In Pakistan, the inflation rate and currency exchange rate have a significant impact on gold prices. When the value of the Pakistani rupee decreases against foreign currencies, the price of gold in Pakistan increases. This is because most of the gold in Pakistan is imported, and a weaker currency makes it more expensive to purchase.
Global Market Trends
Pakistan is not immune to global market trends, and fluctuations in international gold prices also affect local rates. Changes in demand and supply, geopolitical tensions, and economic policies of major countries can all impact global gold rates, and consequently, the prices in Pakistan.
Demand for Gold
The demand for gold also plays a crucial role in determining its rates in major cities of Pakistan. In recent years, there has been an increase in demand for gold due to its perceived value as a safe investment option during times of economic uncertainty. The higher the demand, the higher the price of gold.
The supply of gold in the market also affects its prices. In Pakistan, the supply of gold is mostly dependent on imports and can be affected by factors such as fluctuating exchange rates, trade policies, and availability from other countries.
In addition to these major factors, there are also seasonal influences on gold rates in Pakistan. For example, during wedding and festival seasons, there is often an increase in demand for gold jewelry, which can lead to a rise in gold prices. Similarly, during the harvest season, when farmers have more disposable income, there is also an increase in demand for gold.
Pakistan’s gold reserves also have a role to play in determining its rates. Higher reserves indicate higher supply potential, which can lead to lower gold prices. Conversely, if the reserves are low, it can cause a rise in gold rates due to limited availability.
To conclude, gold rates in Pakistan today on October 14th 2023 appear to be a goldmine (pun intended) for those looking to invest in the commodity. The figures published above clearly favour wealth-creation and advise investors to seize this opportunity without delay. If gold is a part of your strategy for long term financial security, this is the time to make a move! With numerous benefits associated with gold investments, it would not be an exaggeration to say that the next growth spurt could arise from these wise purchases. By understanding your needs and sentiments and keeping track of current market trends, you can version invest accordingly. Most importantly, remember to consult a trained professional before doing so in order to make sound financial decisions and secure your future.