As on Sat, Apr 8, 2023
24 Karat Gold Rate (1 Tola)
24 Karat Gold Rate (10 Gram)
24 Karat Gold Rate (1 Gram)
Stay updated with the latest and authentic gold rates in Pakistan today, as provided by Karachi Saraf Jewellers Association and other reliable sources. Pakistan Times is the leading provider of accurate gold rates, delivering current gold price in various weights such as per ounce, per tola, and 10 grams. The table below lists the current gold rates for 24K 10 Grams, 24K Per Tola, and 22K 10 Grams across major cities like Karachi, Hyderabad, Lahore, Multan, Islamabad, Faisalabad, Rawalpindi, Quetta, and Peshawar, with rates in other cities derived from these primary locations.
We offer live gold rate updates as per the Pakistan market, enabling you to track price fluctuations and make informed decisions about buying or selling. Additionally, we supply historical gold rate data and charts to help you analyze market trends and forecast future gold prices. Our gold rates are updated dynamically and continuously, ensuring accuracy and timeliness according to the Pakistan gold market. Catering to seasoned investors or those simply interested in the local or international gold market, we provide daily updates on gold rates in Pakistan, influenced by factors such as global gold market trends, exchange rates, and local supply and demand conditions. Trust Pakistan Times as your premier sources for accurate and up-to-date information on gold rates in Pakistan.
Today Gold Prices in Major Cities of Pakistan
|Karachi||Rs. 50700||Rs. 43457||Rs. 39835|
|Hyderabad||Rs. 50700||Rs. 43457||Rs. 39835|
|Lahore||Rs. 50700||Rs. 43457||Rs. 39835|
|Multan||Rs. 50700||Rs. 43457||Rs. 39835|
|Islamabad||Rs. 50700||Rs. 43457||Rs. 39835|
|Faisalabad||Rs. 50700||Rs. 43457||Rs. 39835|
|Rawalpindi||Rs. 50700||Rs. 43457||Rs. 39835|
|Quetta||Rs. 50700||Rs. 43457||Rs. 39835|
Last Updated: 20 February, 2017 (Source: Karachi Saraf Jewellers Association)
|International Gold Rates|
|Gold 24K||USD 1235|
Gold Price in Pakistan
(Price by Gold Weight & Karat)
|Gold Rate||24 Karat||22 Karat||21 Karat||18 Karat||12 Karat|
|per tola Gold Price||Rs. 213900||Rs. 196074||Rs. 187163||Rs. 160425||Rs. 106950|
|Gold per 10 Gram||Rs. 183390||Rs. 168106||Rs. 160466||Rs. 137543||Rs. 91695|
|Gold per Gram||Rs. 18339||Rs. 16811||Rs. 16047||Rs. 13754||Rs. 9170|
|Gold per Ounce||Rs. 519910||Rs. 476581||Rs. 454921||Rs. 389933||Rs. 259955|
Real Time / Live Gold Chart – International Market
Here’s the real-time gold chart updated in real time across World markets. The graph shows minute-by-minute changing rate/price of Gold in USD. However, please note that the prices in Pakistan change daily and are updated only once every day across the market in major cities of Pakistan.
Daily Gold Rates in Pakistan (Last 15 Days)
|Date||Closing Rate||Day High||Day Low|
|08 Apr 2023||Rs. 213900||Rs. 214250||Rs. 213700|
|07 Apr 2023||Rs. 214450||Rs. 214800||Rs. 214250|
|06 Apr 2023||Rs. 212500||Rs. 212850||Rs. 212300|
|05 Apr 2023||Rs. 215800||Rs. 216150||Rs. 215600|
|04 Apr 2023||Rs. 218000||Rs. 218350||Rs. 217800|
|03 Apr 2023||Rs. 210600||Rs. 210950||Rs. 210400|
|02 Apr 2023||Rs. 208500||Rs. 208500||Rs. 208500|
|01 Apr 2023||Rs. 208500||Rs. 208850||Rs. 208300|
|31 Mar 2023||Rs. 209000||Rs. 209350||Rs. 208800|
|30 Mar 2023||Rs. 207800||Rs. 208150||Rs. 207600|
|29 Mar 2023||Rs. 207700||Rs. 208050||Rs. 207500|
|28 Mar 2023||Rs. 205700||Rs. 206050||Rs. 205500|
|27 Mar 2023||Rs. 204300||Rs. 204650||Rs. 204100|
|26 Mar 2023||Rs. 204800||Rs. 204800||Rs. 204800|
|25 Mar 2023||Rs. 204800||Rs. 205150||Rs. 204600|
Importance of Gold in Pakistan
Gold is the most popular among precious metals in Pakistan. Investors purchase gold to decrease risk, as it is a safer and more effective investment compared to other metals. Despite being found abundantly, gold cannot be produced by everyone and is quite rare. Its resistance to corrosion adds to its value, making it highly sought after across different societies throughout history.
What affects the price of gold in Pakistan?
The price of gold in Pakistan fluctuates due to various economic, social, and political factors. Some factors impacting the price of gold are as follows:
The demand for gold is interlinked with tradition and culture. Many Pakistani consumers see gold as a good source of investment and adornment. During festivals or auspicious occasions, people flock to jewelry shops to buy gold according to their budget, leading to increased demand and higher gold prices in the Pakistani market.
Protection against volatility
Consumers purchase gold to protect their investments from uncertainty and volatility in other markets. Gold’s value never depreciates, making it a reliable investment in times of inflation or recession.
Inflation and Gold rate
During inflation, currency value decreases, and people hold onto money in the form of gold. Prolonged inflation makes gold a tool against inflation, leading to high gold prices as more people buy gold to maintain economic stability.
Gold Price and interest rates
When the economy is strong, gold is used as protection against inflation. If interest rates increase, investors opt for fixed investments rather than gold, which doesn’t promise consistent returns.
Impact of the rupee-dollar equation
Pakistani gold rates are greatly affected by the rupee-dollar equation. A decrease in the value of the rupee leads to higher gold prices and reduced demand for gold.
Correlation with other asset classes
When shares fall in value, gold prices increase. Volatility in the micro and macro economy may affect fixed investments, but not gold. As a result, economists believe that gold is an effective investment.
Geopolitical issues like wars harm asset prices. However, gold prices increase during such times, as it serves as a safe haven for investment. The value of paper currency may decrease, but gold’s value as an investment does not depreciate.
Weakening dollar vs Gold rates
An inverse relationship exists between the dollar and gold. If the dollar’s value decreases, gold prices go up, and vice versa. When the dollar’s value falls, investors look for other investment options, turning to gold as the safest investment.
Future gold demand
Global estimates show that 1000 tonnes of gold will be in demand in the coming years, exceeding supply. Most gold is recycled due to limited mining capacity, potentially leading to an increase in gold prices.
Gold Purity Details
|Karat / Purity||Details||% Purity|
|24 Karat Gold||Gold 999||99.99%|
|22 Karat Gold||Gold 916||91.67%|
|21 Karat Gold||Gold 875||87.50%|
|20 Karat Gold||Gold 833||83.33%|
|18 Karat Gold||Gold 750||75.00%|
|16 Karat Gold||Gold 667||66.67%|
|14 Karat Gold||Gold 583||58.33%|
|12 Karat Gold||Gold 500||50.00%|
|10 Karat Gold||Gold 417||41.67%|
Silver Purity Details
|Karat / Purity||Details||% Purity|
|Silver fine||Silver 999 or 24K||99.99%|
|Silver Sterling||Silver 925 or 22K||92.5%|
|Silver Coin||Silver 900 or 21K||90.00%|
|Silver German||Silver 800||80.00%|
Difference between 24 Karat and 22 Karat Gold Prices
|24 Karat Gold||22 Karat Gold|
|It has no trace of other metal||Marketable in jewellery or decorative form|
|Known as 99.95 pure gold||Not 100% pure gold, up to 92% is pure gold and remaining part is preservative metals such as zinc, silver or other metals.|
|Slightly expensive than the other||It is cheaper than 24 karat gold with less weight|
|It offers guaranteed resell globally due to liquidity of gold and extreme demand|
Gold colour is pure yellow and untainted
|The colour of gold is changeable by mixing other metals like alloy|
|It cannot be used directly in making ornaments or jewellery||Though it is best for jewellery making but not recommended for diamond or gemstone studded jewellery.|
|Not bendable in its original and pure form||It can be easily shaped into jewellery.|
Gold as a commodity, investment and jewelry in Pakistan
Gold as a Commodity in Pakistan
Throughout history, gold has been utilized in various applications and industries due to its ductility and malleability. Its biocompatibility makes it suitable for use in dentistry and medicine. Globally, the demand for gold is based on four categories: technology, jewelry, central bank reserves, and investment.
Gold as investment
Once mined, gold remains in the world, unlike consumables like food grains, oil, or gas. Gold can be transformed into jewelry, stored in lockers, or used in medicine and other applications. Buying gold and keeping it for future use is a reliable way to preserve wealth, as its value never diminishes.
Gold as jewelry
In diverse cultures worldwide, gold has been used to create various kinds of jewelry since ancient times. Its durability, malleability, and ductility allow for the creation of intricate and attractive designs. Two types of gold are available: white gold and yellow gold. While yellow gold is popular in many countries, white gold has also gained demand across the globe.
In Pakistan, gold remains one of the precious metals that has retained its charm and value over the years. The value of gold will continue to be held in high esteem as a good investment for the future.
Gold Prices & Rates FAQs
Why Do Gold Prices Change Daily in Pakistan?
The price of gold fluctuates in the market due to a combination of different economic, social, and political factors. Some factors are well-known, while others are not as widely understood.
What Does One Ounce Gold Mean?
One ounce equals 28.3495231 grams, so one ounce of gold is equivalent to 28.3495231 grams of gold. The ounce is a weight unit accepted by the United States and countries of the Commonwealth Nations. In Pakistan, the term ounce is less commonly used for measuring the quantity of gold; instead, tola is the preferred unit of measurement.
What Does One Tola Gold Mean?
Tola is a term used in Urdu and some other South Asian languages to refer to a unit of mass, primarily for measuring gold and silver. It is derived from the Sanskrit word “tulā”, which means “balance” or “scale.” Traditionally, one tola is equivalent to 11.6638 grams or 0.375 troy ounces. This unit of measurement has been used in the Indian subcontinent for centuries and is still commonly used in countries like India, Pakistan, Nepal, and Bangladesh.
What Is The Difference Between Karat And Carat?
Karat is a measure associated with the purity of gold, with 24 karat or 24K being the purest form of gold. Carat, on the other hand, is the term used for measuring the weight of a gem or precious stone, with one carat being equivalent to 200 milligrams.
Why Can’t Gold Jewelry Be Made In 24 Karat Pure Gold?
Gold is a soft metal and must be hardened to make wearable and durable jewelry that doesn’t break easily. Gold is generally mixed with silver or copper to add strength to the metal. As other metals are mixed with 24 karat pure gold, the purity of gold decreases to 23 karat, 22 karat, and so on, depending on the requirement and type of jewelry to be made.
Why Are Gold Rates In Pakistan Given In Rupees Per 1 Gram Or In Rupees Per 10 Grams?
Gold is precious and expensive, so trading is usually done in small quantities. In Pakistan, gold is mainly used in making jewelry, but it is also bought as an investment in the form of gold coins or gold bars. These are generally available in 1 gram, 2 grams, 5 grams, 10 grams, and 20 grams weight variants. Ten grams of gold, also known as one tola gold in Pakistan, is a popular term among jewelers.
Also check Silver Rates in Pakistan & today’s rate in major markets.
This page contains Latest rates of Gold. Gold is a stable chemical element with a high level of electrical conductivity and decomposing resistance. It is considered a fundamental industrial commodity used for the production of jewelry, electronics, computers, and more. The Gold rates are updated daily as it changes in the domestic and international markets.