Gold Rate in Pakistan

Latest gold price and today gold rate as on Dec 2, 2024 (updated daily)

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

Gold Price in Pakistan

(Price by Gold Weight & Karat)

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)

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:

Consumption demand

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 factors

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

Silver Purity Details

Difference between 24 Karat and 22 Karat Gold Prices

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

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.