Pakistan Gold Rates Update:
• 24K per Tola: Rs. 282,300
• 24K per 10 Grams: Rs. 242,030
• 1 Gram Gold Rate: Rs. 24,203
• 22K per 10 Grams: Rs. 221,860
• 22K per Tola: Rs. 258,775
What is Gold also read Gold price in Pakistan today?
Gold, a soft, yellow, dense metal with an atomic number of 79, is a highly valued and rare element. It is a good conductor of electricity and is not affected by air or water erosion. Gold is often used in jewelry, coins, and as a reserve currency, and is also used in various industrial and medicinal applications. Its high melting point and beauty make it a valuable and valuable metal. Gold’s versatility makes it a valuable asset in various industries.
Factors of Gold price change in Global market
• Supply and Demand: High demand and limited supply lead to price rise.
• Economic Conditions: Gold’s price can be influenced by economic uncertainty, as investors may seek it as a stable store of value.
• Interest Rates: Higher interest rates can make gold less attractive to investors.
• Inflation: Gold’s price can be influenced by expectations of future inflation.
• Currency Movements: Gold prices can be influenced by global currency market movements, as gold is often bought and sold in U.S. dollar.
• Political and Geopolitical Events: Events like wars, revolutions, and elections can affect economic conditions and market sentiment.
Pakistan’s gold history and current initiatives
Pakistan, with a rich history in gold mining, is aiming to increase its production and exports. The country’s significant gold reserves are located in the northwest and southwest, and gold is used in various applications like jewellery and coins. The government has implemented initiatives to support the industry, including improving mine efficiency, increasing investment, and promoting new technologies. However, Pakistan’s gold industry faces challenges such as lack of investment, outdated mining techniques, and environmental concerns. Despite these obstacles, the country is committed to sustainable gold industry development.
What is tola? You want to know about tola?
A tola is a traditional unit of measurement used to weigh gold and other precious metals, particularly in countries like Pakistan, India, and Nepal. One tola is equivalent to 11.6638 grams or 0.375 troy ounces and is used to determine the value of gold jewelry and other items. Other commonly used units include the gram, troy ounce, and pennyweight. The gram is the most commonly used unit, measuring 0.03215 troy ounces. The troy ounce is equivalent to 31.1034768 grams, while the pennyweight is 1.55517384 grams. The rate of 24 carat gold in Pakistan is also known. For more information on gold rates in Pakistan, visit the official website of the Pakistani government.
Conclusion
The gold rate in Pakistan as of December 28, 2024, is influenced by global and local market dynamics. 24K gold is priced at Rs. 282,300 per tola and Rs. 242,030 per 10 grams, making it a valuable investment and adornment asset. Factors like supply and demand, economic conditions, and geopolitical events also impact gold prices globally. Despite challenges like outdated mining techniques and limited investment, Pakistan is working towards sustainable development in the gold industry. Read More