Investors, jewelry enthusiasts, and anyone interested in the precious metal market are always on the lookout for the latest gold prices. In Pakistan, the 1 tola gold price on October 30, 2023, is significant to both consumers and traders. Let’s delve into the details of the gold rates in Pakistan for this particular day.
Today’s Gold Prices in Pakistan (30 October 2023):
- 1 gram: Rs. 18,278
- 10 grams: Rs. 182,785
- 1 tola: Rs. 213,200
- 1 ounce: Rs. 568,524
- 1 kilogram: Rs. 18,278,464
It’s important to understand that these rates are indicative and can serve as a reference point for individuals interested in the gold market. However, to get the most accurate and up-to-date rates, it is recommended to visit your local gold market or jeweler.
Gold Rate Fluctuations Throughout the Day
The gold rate can vary during the day. Here’s a snapshot of how the 1 tola gold rate (24K) fluctuated on October 30, 2023, in Pakistan Standard Time (PKT):
- 12 AM Night: PKR 213,400
- 8 AM: PKR 213,800
- 9 AM: PKR 214,000
- 10 AM: PKR 214,300
- 11 AM: PKR 214,000
- 12 PM: PKR 213,500
- 2 PM: PKR 213,200
- 3 PM: PKR 213,200
It’s important to note that while gold rates remain relatively consistent across the country, there might be minor variations of a few hundred rupees between cities. Additionally, gold rates can change every hour, making it crucial for individuals and traders to stay updated with the latest rates.
Factors Affecting Gold Prices in Pakistan
The gold rates in Pakistan are influenced by various factors. Two significant factors are:
- Fluctuations in the Dollar Rate: Changes in the value of the US dollar can directly impact gold prices in Pakistan. A stronger dollar often results in lower gold prices, while a weaker dollar can lead to higher gold prices.
- Economic Stability: The overall economic situation of Pakistan also plays a vital role in determining local gold prices. Economic instability can lead to fluctuations in gold rates.
Historical Gold Rates (Last 30 Days)
Here’s a look at the 1 tola gold rates (24K) in Pakistan for the last 30 days:
|Date||Gold 24K per Tola||Gold 22K per Tola|
|29 Oct 2023||Market Closed||Market Closed|
|28 Oct 2023||PKR 213,400||PKR 195,104|
|27 Oct 2023||PKR 213,300||PKR 195,013|
|26 Oct 2023||PKR 211,600||PKR 193,459|
|25 Oct 2023||PKR 210,000||PKR 191,996|
Please note that gold rates are dynamic and can be influenced by various economic, geopolitical, and market-related factors. For the most accurate and current rates, it is advisable to consult local sources or use reliable financial apps.
In conclusion, the 1 tola gold price in Pakistan on October 30, 2023, is Rs. 213,200, and it is subject to fluctuations throughout the day. Keeping a close eye on these rates is essential for those involved in gold trading, the jewelry business, and investment in precious metals.