Gold Price in Pakistan Today (November 2024)
Gold Price in Pakistan, so the standerd price of gold in Pakistan approximately in PKR is
| Unit Number | Karat (wise) | Prices (RS) |
| 1 | 1 Tola (24 Karat/Carat) | Rs. 276500 |
| 2 | 1 Tola (22 Karat/Carat) | Rs. 255748 |
| 3 | 1 Tola (21 Karat/Carat) | Rs. 241054 |
Usages Of Gold
Gold has been used for thousands of years for various purposes due to its unique properties, such as its attractive color, resistance to corrosion, and excellent conductivity. One of its most common uses is in jewelry and ornaments, where it symbolizes wealth and beauty. Many cultures have valued gold as a symbol of status and power, and it is still widely used in rings, necklaces, and bracelets today. Beyond its aesthetic appeal, gold is essential in technology and industry.
Its ability to conduct electricity without tarnishing makes it valuable in electronic devices, including smartphones, computers, and televisions. Gold is also used in space exploration for coating spacecraft and astronaut visors, as it helps reflect heat and sunlight. In the medical field, gold plays a role in certain treatments, such as for arthritis, and is used in dental work for fillings and crowns due to its biocompatibility. Additionally, gold has financial importance as a form of investment. It is considered a safe asset and is stored by governments and individuals alike as a hedge against inflation or economic instability. Thus, gold’s versatility spans from luxury to practical applications in modern life.
The Best Gold Price In Pakistan 2024
| Gold Quantity and Purity | Price (Rs) |
| 1 Tola (24 Karat) | Rs. 276,500 |
| 1 Tola (22 Karat) | Rs. 255,748 |
| 1 Tola (21 Karat) | Rs. 241,054 |
| 1 Tola (20 Karat) | Rs. 230,893 |
| 10 Grams (24 Karat) | Rs. 237,483 |
| 10 Grams (22 Karat) | Rs. 217,693 |
| 10 Grams (21 Karat) | Rs. 207,798 |
| 10 Grams (20 Karat) | Rs. 197,903 |
| Per Gram Gold (24 Karat) | Rs. 23920 |
| Per Gram Gold (22 Karat) | Rs. 21927 |
Factors Fluctuate Gold Price in Pakistan 2024
Gold is famous worldwide for financing, and some factors affect the gold rate all over the world.
- Jewelry Supply and Demand
- Interest Rate
- Geopolitics
- Inflation
- Monetary Policy
- Deflation
- Risk Appetite
- Dollar Prizes
- Investment Demand and Others
Demands Of Gold And Total GDP of Gold Price In Pakistan
The demand for gold price in Pakistan is influenced by a variety of factors, including cultural traditions, economic conditions, and global gold prices. Gold is highly valued in Pakistan, particularly for weddings and as a form of investment or savings. Many people purchase gold jewelry not only for adornment but also as a secure asset that retains value over time. However, the demand for gold fluctuates with changes in its price. When the price of gold rises, demand typically decreases as it becomes less affordable for the average consumer.
On the other hand, when gold prices fall, demand increases as people take advantage of lower costs to buy more. The price of gold in Pakistan is linked to the global gold market, as well as the country’s economic conditions, such as inflation and currency value. The total Gross Domestic Product (GDP) of gold in Pakistan refers to the overall value that the gold market contributes to the country’s economy. This includes gold mining, trading, and its use in various industries.
While Pakistan is not a major producer of gold, it imports significant quantities to meet local demand. The gold sector, though small compared to other industries, plays a role in the country’s GDP by contributing to trade and financial markets. As global gold prices change, Pakistan’s gold market and its contribution to the economy also fluctuate, reflecting both local and international economic trends.
Pakistan’s gold reserves, which include gold deposits and swapped gold rose to $5.23 billion as of August 2024, up $183.08 million or 3.6% compared to last month. The increase was due to an appreciation in gold prices
Final Words On Gold Price In Pakistan
The price of gold in Pakistan is influenced by a variety of factors, both locally and globally. International market trends, currency exchange rates, and domestic demand all play key roles in determining gold prices in the country. Gold is highly valued in Pakistan for its cultural significance, particularly in weddings and other important life events, which keeps the demand steady. Investors also view gold as a secure form of investment, especially during times of economic uncertainty.
In recent years, gold prices have fluctuated due to global economic changes, inflation, and political instability. As Pakistan’s economy faces challenges such as inflation and currency depreciation, the price of gold continues to rise. However, gold remains a reliable store of value, offering protection against economic instability.
Overall, understanding the factors that impact gold prices in Pakistan can help consumers and investors make informed decisions. While prices may continue to fluctuate, gold’s intrinsic value and importance in Pakistani culture and economy ensure that it will remain a significant asset for years to come.
FAQs about Gold Price in Pakistan
Here are some frequently asked questions about gold rate today in pakistan, so have a look;
