Gold Rates in Pakistan: Gold Price Today

Today Gold Rates in Pakistan as of October 5, 2024

Today 24 carat Gold rate in Pakistan stands at Rs.264,500 per tola and 22k gold price today is Rs.242,455 per tola. Pakistan gold market usually operates in Karats and 24k gold is considered the purest form of gold. Today’s Gold Price table given below will help you to have a comprehensive insight of gold rates in Pakistan today.

Gold	Price 24k	Price 22k	Price 21k	Price 18k
Rate per Gram	22,677	20,787	19,842	17,008
Rate per 10 Grams	226,770	207,870	198,423	170,077
Rate per Tola	264,500	242,455	231,437	198,374
Rate per Ounce	642,882	589,300	562,520	482,159
Rate per Troy Ounce	705,334	646,547	617,166	528,998
	You Can Also Check Silver Rates Here

I always wonder why gold is highly valued as compared to other metals like silver rates in Pakistan, copper and nickel etc.? Why do gold prices in Pakistan fluctuate so frequently? Why people tend or prefer to buy and store gold instead of investing their precious money in any other business or in Government saving schemes or in banks offering handsome returns on their investment.

So finally after brainstorming and thorough research on the subject I got the answers of above questions and I would love to share my research findings with you as well. Before going to answer above questions, let’s have a look at today gold price in different cities of Pakistan

Gold rates in all over Pakistan always follow the trend of gold rates in Karachi Sarafa bazar which is the hub of gold trading in Pakistan. An important aspect to be considered is, prices in different cities and local markets can slightly differ based on multiple influencing factors like transportation costs, supply and demand ratio, market volatility etc. Now let’s have a look at the rates table below.

City	Gold Rate per Tola	Gold Rate per 10 Gram
Karachi	264,500	226,770
Hyderabad	264,500	226,770
Lahore	264,500	226,770
Multan	264,500	226,770
Islamabad	264,500	226,770
Faisalabad	264,500	226,770
Rawalpindi	264,500	226,770
Quetta	264,500	226,770
Rajanpur	264,500	226,770
Sahiwal	264,500	226,770
Okara	264,500	226,770
Bahawalpur	264,500	226,770
Ladkaana	264,500	226,770
D.I Khan	264,500	226,770
Mian Wali	264,500	226,770

Due to its rarity and aesthetic feel, gold has been valued by ancient civilizations like Egyptians, Greeks, and Romans. Civilizations used Gold as a currency for thousands of years. Gold ornaments and decorative artifacts also remained the symbols of significance due to metals intrinsic value. In the 19th and 20th century many countries started to use the Gold Standard and linked their currencies directly to gold. 

From the mid-18^th century and then in the 19th and 20th century the gold mining sector had an exponential growth that impacted the history, culture and economy of the affected regions and that’s labeled as “gold rushes”. Expansion of the gold mining industry impacted the economies extensively. In the modern era Gold continues to be highly valued for its use in jewelry, investment and industrial applications.

Gold rate in Karachi influences gold rates in different cities of Pakistan. Karachi Sarafa Bazar is considered as the hub of gold trading in Pakistan. All Gems and Jewelers Association of Pakistan also focuses on Gold rates in Karachi Sarafa Bazar and other big cities after that. 

In Pakistan gold rates are mostly sought after or quoted as, current gold rates per gram, gold rates per 10 gram, gold rates per 12 gram and gold rates per tola. You can also check white gold price. Pakistan gold market normally operates in Karats and 24k gold is considered as the finest quality gold. Consumers or investors can access the live gold rates or current gold rates in Pakistan through different sources i.e. websites, news channels, newspapers, stock market, forex market and local Jewelers.

Over the years gold prices in Pakistan have experienced significant and frequent fluctuations influenced by multiple factors. Historical data reveals periods of both highs and lows in gold prices, reflecting changes in economic conditions and investor sentiment. Big events such as economic crises, geopolitical issues and change in government policies influenced gold price trends in Pakistan significantly.

By analyzing historical trends investors and policy makers can have valuable insights for decision making and in anticipation of future market movement.

Last 10 days Gold Rate in Pakistan

Date	Gold 24k Per Tola	Gold 22k Per 10 Gram
25-Aug-24	Sunday	Sunday
24-Aug-24	Rs. 262,100	Rs. 205,982
23-Aug-24	Rs. 262,100	Rs. 205,982
22-Aug-24	Rs. 262,100	Rs. 205,982
21-Aug-24	Rs. 260,850	Rs. 205,001
20-Aug-24	Rs. 260,300	Rs. 204,571
19-Aug-24	Rs. 259,700	Rs. 204,094
18-Aug-24	Sunday	Sunday
17-Aug-24	Rs. 260,200	Rs. 204,489
16-Aug-24	Rs. 258,400	Rs. 203,077

In Asia Pakistan is the second largest importer of Gold after India because Gold holds a great cultural value in the continent. Gold is considered a symbol of pride and prestige in Pakistan. Weddings can’t be assumed without gold jewelry which holds the key importance in bridal wear and others as well.

It has been used as ornaments and currency since ages due to its aesthetic feel and symbolic value. Different studies conducted on the subject proved that women in Pakistan love to wear gold jewelry on every occasion and believe that it has traditional value and adds glory to their personality. 

For a comprehensive understanding of layman I would like to keep it simple and will not dive into technical details and difficult economic and financial terms which have been used in research studies by experts in the field.

If we discuss the last 20 years, Gold has proven itself a fence or boundary wall against increasing inflation and economic crises in Pakistan due to its worldwide acceptance and value it contains in itself. Jumps of gold rates in Pakistan become a profit on investment in Gold. People have no attractive alternatives and find no charm in the governments saving schemes, banks saving accounts, stocks etc. due low returns or profits.

Inflation in Pakistan has increased drastically in the last 3 years and people tend to save something for rainy days which they believe is not going to lose its value in future and then comes the well thought and returns oriented gold that proves itself as the best option keeping in view upwards historic price trend in Pakistan. So people have to make preventive decisions about their precious money and seek safety of their investment in gold to cope up with increasing inflation. Some studies conducted on the relationship of gold and inflation in Pakistan from the recent past are evident of the facts quoted above.

Pakistan is blessed with a variety of geographical landscapes and weather. Pakistan’s every province has great potential of metal and mineral resources. Gold is available in millions of tons according to different researches conducted by local and international authors and organizations, these researches are available publicly. But due to lack of mining technology and infrastructure and above all lack of interest by political leadership and unfavorable government policies Pakistan is unable to benefit from these untapped resources. 

Largely Gold deposits have been found in Balochistan, Khyber Pakhtunkhwa and Giligit Baltistan yet again we are unable to exploit these deposits due to multiple reasons. So due to lack of local gold Pakistan relies on the international market and imports gold to fulfill its needs and gold deposits in Pakistan have no significant effect on determination of Gold Rates in Pakistan.

Gold prices are influenced by multiple factors or there are multiple determinants of gold rates in Pakistan. Some factors can be considered universal that affect gold prices in the international market and ultimately that fluctuation affects Gold rates in Pakistan as well. So here below we are enlisting those factors.