Gold, symbolizing wealth, status, and security, is a crucial economic asset that acts as a barrier against inflation and currency devaluation. Its fluctuations impact sectors like jewelry, investment, and banking. This article explores the gold rate in Pakistan and the factors influencing its prices.
Latest Gold Rate in Pakistan
| Quantity | 24K Gold Rate | 22K Gold Rate | 21K Gold Rate | 18K Gold Rate |
| 1 Tola (11.66 grams) | 2,82,600 | 2,59,050 | 2,47,275 | 2,11,950 |
| 10 Grams | 2,42,290 | 2,22,099 | 2,12,003 | 1,81,717 |
| 1 Gram | 24,229 | 22,209 | 21,200 | 18,171 |
Gold prices in Pakistan have fluctuated due to economic changes, such as high inflation, currency devaluation, and fluctuating global gold prices. The Pakistani rupee’s depreciation against the US dollar during economic downturns makes gold more expensive domestically, leading to significant spikes during economic uncertainty.
Factors Influencing Gold Rate in Pakistan
• Gold prices are influenced by global supply, demand, mining production, and economic indicators.
• The exchange rate between Pakistani rupee (PKR) and US dollar (USD) is crucial as gold is priced internationally in USD.
• High inflation weakens the currency’s purchasing power, encouraging gold investment.
• Economic instability drives investors towards gold, increasing demand and price.
• Demand and supply dynamics in Pakistan are influenced by population growth, rising incomes, and cultural practices.
• Government policies and taxes, including import duties and taxes on gold transactions, directly affect gold prices.
Advice on Purchasing Gold Jewellery in Pakistan
• Verify Gold Purity: Ensure jewellery is stamped with correct carat value, higher karat values indicate purer gold.
• Look for Hallmarks: Reputable jewellers often provide hallmark certificates confirming gold’s purity and origin.
• Compare Prices: Visit multiple jewellers for best deals considering craftsmanship, design, and additional features.
• Request Weight Breakdown: Ask for detailed price breakdown including gold cost, design charges, and additional fees.
• Consider Reputable Jewellers: Purchase from trusted jewellers for quality and authenticity.
Gold prices in Pakistan have been steadily increasing over the past few decades due to global and local factors. Global factors like international gold prices, exchange rates, and economic conditions significantly impact domestic gold rates. Local factors like inflation, demand and supply dynamics, and government policies also play a crucial role.