In the enchanting world of precious metals, gold stands as a symbol of purity, opulence, and grandeur. Pakistan, a land where culture and tradition are intertwined with the brilliance of gold, witnesses a constant ebb and flow in the price of this mesmerizing metal. Let’s dive into the enchanting world of gold and explore the latest rates and insights.
The Golden Numbers
As of Saturday, 28th October 2023, the gold rate in Pakistan for 24-karat gold is Rs. 213,000 per tola. For those seeking 22-karat gold, the price is a tempting Rs. 167,395 per 10 grams. These rates are sourced from the Sarafa Jewelers Association and the International Gold Market, providing you with the most accurate and up-to-date information.
A Glimpse into Gold Purity
For those who admire the finer details, here are the rates for various gold purities:
- 24K Gold: Rs. 182,613 for 10 grams, and Rs. 213,000 per tola.
- 22K Gold: Rs. 167,396 for 10 grams, and Rs. 195,301 per tola.
- 21K Gold: Rs. 159,787 for 10 grams, and Rs. 186,423 per tola.
- 20K Gold: Rs. 152,178 for 10 grams, and Rs. 177,545 per tola.
- 18K Gold: Rs. 136,960 for 10 grams, and Rs. 159,791 per tola.
A Global Perspective
In the international arena, an ounce of 24K gold is priced at $2009. This global perspective gives you a broader understanding of the gold market’s dynamics and how it affects local prices.
Gold’s Shine Across Pakistan
For those residing in various cities across Pakistan, the gold rates for 24K and 22K per tola are as follows:
- Karachi: Rs. 213,000 (24K) and Rs. 195,300 (22K)
- Islamabad: Rs. 213,000 (24K) and Rs. 195,300 (22K)
- Lahore: Rs. 213,000 (24K) and Rs. 195,300 (22K)
- Multan: Rs. 213,000 (24K) and Rs. 195,300 (22K)
- Peshawar: Rs. 213,000 (24K) and Rs. 195,300 (22K)
A Glance at the Past
To understand the gold market’s trends, let’s take a look at the rates for the past ten days:
| Date | Gold 24K per tola | Gold 22K per 10 grams |
|---|---|---|
| Oct 27, 23 | Rs. 213,000 | Rs. 167,395 |
| Oct 26, 23 | Rs. 208,450 | Rs. 163,820 |
| Oct 25, 23 | Rs. 211,400 | Rs. 166,138 |
| Oct 24, 23 | Rs. 209,600 | Rs. 164,723 |
| Oct 23, 23 | Rs. 209,000 | Rs. 164,252 |
| Oct 22, 23 | Rs. 208,350 | Rs. 163,741 |
| Oct 21, 23 | Rs. 213,700 | Rs. 167,946 |
| Oct 20, 23 | Rs. 206,500 | Rs. 162,287 |
| Oct 19, 23 | Rs. 217,700 | Rs. 171,089 |
| Oct 18, 23 | Rs. 205,000 | Rs. 161,108 |
The Significance of Gold in Pakistan
Gold holds a special place in Pakistan’s culture. Often used to craft exquisite jewelry, it witnesses a surge in demand during wedding seasons. Whether you plan to invest or adorn yourself with gold, it’s essential to stay updated with the latest gold rates, be it 18, 20, 22, or 24 carats.
The Dynamics of Gold Rates
The price of gold is influenced by various factors, and it’s essential to recognize that it’s not a fixed value. In Pakistan, the gold rate tends to be on the higher side due to the relatively weaker Pakistani Rupee when compared to global currencies. Pakistan has faced economic challenges and severe inflation, contributing to the fluctuating nature of gold rates.
Frequently Asked Questions
- What is the Price of 1 tola gold in Pakistan Today?
- Today, the price of 1 tola gold in Pakistan is Rs. 213,000, as per the latest rate on 27th October 2023.
- What is the price of 1 gram 24K gold in Pakistan?
- The current price of 1 gram of 24K Gold in Pakistan is Rs. 16,740.
- What is the gold rate in Pakistan today?
- The gold rate in Pakistan today stands at Rs. 213,000.
- What is the rate of 24K gold in Pakistan?
- The rate of 24K gold in Pakistan is Rs. 182,613 per 10 grams.
- How much is 22-carat gold in Pakistan?
- The rate of 22-carat gold in Pakistan is Rs. 195,300.
- What is the price of a Gold biscuit in Pakistan?
- The price of a Gold biscuit in Pakistan is Rs. 213,000 per 24K tola.
- How much is a Tola?
- The measurement of a tola varies in different countries. In Pakistan, one tola is equal to 11.66 grams.
In conclusion, gold in Pakistan is more than just a metal; it’s a symbol of tradition, luxury, and a thriving market. Stay updated with the latest gold rates to make informed decisions and embrace the allure of this precious metal.
