The gold market in Pakistan saw a fluctuation in prices today, reflecting the global trends and economic conditions. As investors and consumers closely monitor the precious metal’s value, here is an update on the gold rates in major cities across the country.
Karachi Gold Market
In the bustling financial hub of Karachi, the price of 24-karat gold today stood at PKR [24K Gold Rate], while 22-karat gold was being sold at PKR [22K Gold Rate] per tola (11.66 grams). The price of 10 grams of 24-karat gold in Karachi was [10 Gram 24K Gold Rate]. The rates in Karachi are often considered a benchmark for gold prices across Pakistan.
Lahore Gold Market
In Lahore, the second-largest city in Pakistan, gold rates were consistent with Karachi. The price of 24-karat gold was PKR [24K Gold Rate] per tola, while 22-karat gold was trading at PKR [22K Gold Rate] per tola. The cost of 10 grams of 24-karat gold was [10 Gram 24K Gold Rate].
Islamabad Gold Market
The capital city, Islamabad, also witnessed similar trends, with 24-karat gold priced at PKR [24K Gold Rate] per tola, and 22-karat gold at PKR [22K Gold Rate] per tola. The price for 10 grams of 24-karat gold was [10 Gram 24K Gold Rate].
Peshawar Gold Market
Peshawar, located in the Khyber Pakhtunkhwa province, had slightly lower gold prices than the major cities. The rate for 24-karat gold was PKR [24K Gold Rate] per tola, and 22-karat gold was being sold at PKR [22K Gold Rate] per tola. The cost of 10 grams of 24-karat gold in Peshawar was [10 Gram 24K Gold Rate].
Quetta Gold Market
In the city of Quetta, which serves as the provincial capital of Balochistan, gold prices were in line with Peshawar. 24-karat gold was available at PKR [24K Gold Rate] per tola, while 22-karat gold was priced at PKR [22K Gold Rate] per tola. The rate for 10 grams of 24-karat gold was [10 Gram 24K Gold Rate].
Global Factors Affecting Gold Prices
Gold prices globally have been influenced by various factors, including geopolitical tensions, inflation concerns, and changes in the value of the U.S. dollar. Investors often turn to gold as a safe-haven asset during uncertain times, which can drive up demand and prices. It is essential for individuals interested in purchasing or selling gold to stay informed about these global factors that can impact local prices.
It’s important to note that gold rates in Pakistan, as in other countries, can change multiple times during the day due to fluctuations in the international market. Therefore, individuals considering buying or selling gold should check with their local jewelers or financial institutions for the most up-to-date prices.
As the day progresses, the gold market in Pakistan will continue to react to the dynamic global economic landscape, and it remains a vital commodity for both investors and consumers alike. Keep an eye on these rates if you’re involved in any gold-related transactions.