As of today, the 7th of October 2023, the gold rate in Pakistan is a hot topic among citizens and investors alike. The 24K gold rate today is at a whopping Rs. 188000 per Tola, while the 22K gold rate is at Rs. 172333 per 10 grams. For those looking to purchase gold at a more affordable rate, the 22K gold rate per gram is Rs. 147748. With such high prices, it’s clear to see why keeping an eye on the daily gold rates is crucial for anyone looking to invest in this precious metal. As the market continues to fluctuate, staying up-to-date on the latest gold rates can help individuals make informed decisions about their investments.
Gold Rate in Pakistan Today 7 October 2023
| Gold Rate | 24K Gold Rate Today | 22K Gold Rate Today |
| per Tola Gold | Rs. 188000 | Rs. 172333 |
| per 10 Grams | Rs. 161180 | Rs. 147748 |
| per Gram Gold | Rs. 16118 | Rs. 14775 |
Gold Rates in Major Cities Of Pakistan 7 October 2023
| City | Gold | Silver |
|---|---|---|
| Lahore | PKR 192,000 | PKR 2,292 |
| Karachi | PKR 192,000 | PKR 2,292 |
| Islamabad | PKR 192,000 | PKR 2,292 |
| Peshawar | PKR 192,000 | PKR 2,292 |
| Quetta | PKR 192,000 | PKR 2,292 |
| Sialkot | PKR 192,000 | PKR 2,292 |
| Attock | PKR 192,000 | PKR 2,292 |
| Gujranwala | PKR 192,000 | PKR 2,292 |
| Jehlum | PKR 192,000 | PKR 2,292 |
| Multan | PKR 192,000 | PKR 2,292 |
| Bahawalpur | PKR 192,000 | PKR 2,292 |
| Gujrat | PKR 192,000 | PKR 2,292 |
| Nawabshah | PKR 192,000 | PKR 2,292 |
| Chakwal | PKR 192,000 | PKR 2,292 |
| Hyderabad | PKR 192,000 | PKR 2,292 |
| Nowshehra | PKR 192,000 | PKR 2,292 |
| Sargodha | PKR 192,000 | PKR 2,292 |
| Faisalabad | PKR 192,000 | PKR 2,292 |
| Mirpur | PKR 192,000 | PKR 2,292 |
On 7th October 2023, the gold and silver rates in the major cities of Pakistan saw a uniform trend. In Lahore, Karachi, and Islamabad, the gold rates were at PKR 192,000, and silver rates were PKR 2,292. These rates also held true for Peshawar and Quetta, further solidifying the trend.
In the city of Sialkot, known for its sports manufacturing industry, and Attock, a historically significant city, these rates were again consistent. The residents of Gujranwala and Jehlum also dealt with the same rates.
Multan and Bahawalpur, significantly historical cities with a rich cultural heritage, saw no exceptions to these rates. Additionally, Gujrat, Nawabshah, and Chakwal, despite their diverse economies and geographical profiles, held to this national trend.
Hyderabad, the sixth most populous city in Pakistan, along with Nowshehra and Sargodha also matched these figures. Faisalabad, one of the largest industrial sectors, and Mirpur, known for its grand architecture, were no different, with gold pegged at PKR 192,000 and silver at PKR 2,292.
Overall, the markets demonstrated a strong consistency in the rates of gold and silver across the major cities of Pakistan. This uniformity could be a reflection of stable national policies, strong market regulation, or simply a lower demand for these precious metals on this particular day. However, it’s essential for investors and consumers alike to stay informed of these rates as they may greatly impact their financial decisions.
Gold Rate in Pakistan Today 7 October 2023
Today’s gold rate in Pakistan has been a hot topic of discussion for many people. This is because the price of gold has been fluctuating quite frequently, leaving many people wondering about its value and how it affects their daily lives.
For those who are not familiar, the gold rate refers to the price of gold that is quoted daily by various financial institutions and organizations. The rate is determined by a number of factors, including global market trends, currency exchange rates, and supply and demand.
Overview of Gold Rates
Gold is one of the most precious metals and has been used as a form of currency since ancient times. In Pakistan, gold is not only considered a symbol of wealth and prosperity but also has cultural significance. The demand for gold in Pakistan is high, making it an essential commodity in the country’s economy.
Factors Affecting Gold Rates
The price of gold is affected by various global and domestic factors, such as:
- International market trends
- Exchange rates
- Inflation
- Interest rates
- Political stability
- Demand and supply
Gold Rates in Pakistan Today
As of 7 October 2023, the gold rate in Pakistan stands at Rs. 188000 per tola for 24K gold and Rs. 172333 per tola for 22K gold. The price per 10 grams is Rs. 161180 for 24K gold and Rs. 147748 for 22K gold, while the price per gram is Rs. 16118 for 24K gold and Rs. 14775 for 22K gold.
Future Outlook
While it is difficult to predict future gold rates, experts suggest that the demand for gold in Pakistan is expected to remain high due to various factors such as wedding season, festivals, and investment purposes. It is likely that the gold rates will continue to fluctuate in the coming months based on global market trends.
- Investment: Many people see gold as a safe investment option, especially during unstable economic times. Knowing the daily gold rates allows them to make informed decisions when buying or selling gold.
- Jewelry: Gold is an integral part of Pakistani culture, especially when it comes to weddings and other special occasions. Knowing the gold rates helps people plan ahead and make wise purchasing decisions.
- Economy: The gold rate is also an important indicator of the country’s economic status. When the gold rate is high, it can indicate a weaker economy, while a lower gold rate may signal a stronger economy.
Conclusion
Gold has always been a valuable asset and continues to hold cultural and economic significance in Pakistan. As of 7 October 2023, the gold rates in the country are at a relatively high level. Stay tuned for future updates on gold rates in Pakistan. Keep an eye out for any major changes in international market trends and domestic factors that may affect the gold prices.
