Latest Gold Price in Pakistan
Gold is a word synonym for something pure, exquisite, and expensive. Gold is widely used as jewellery in our subcontinent culture, and its demand rises during wedding seasons. If you are planning to make Gold jewellery, find the latest Gold rates in Pakistan Today by its purity, either 18, 20, 22, or 24 carats.
Gold rates may differ from city to city depending on a variety of factors such as demand, interest rates, state taxes, gold traders, bullion associations, transportation costs, fabricating charges, and so on. Gold is a popular investment tool all over the world, particularly in Pakistan.
What is Gold Rate in Pakistan Today Per Tola?
1 Tola Gold Price in Pakistan is
Rs. 144,000
as latest updated price on 02 Oct, 2022
How many grams in 22k gold?
The gold price is usually calculated on a fraction basis and for 22 Karat gold it is 22/24. However, the 22k gold possesses 8.33% alloy metal and 91.67% gold. So, a 22K 10gm gold bar has 9.1666 grams gold in the alloy.
The measurement of tola varies in different countries. However, Gold rate in Pakistan one tola is equal to 11.66 grams.
The Gold is widely used in Pakistan from several years, many women in Pakistan is likely to used gold as their accessories while other will used it as a viable source of investment. However, if we had talked about Gold Price so the price of gold is accumulated in London Bullion Market and sometimes by IMF, they had the sole authority to set the gold standards and its price.
Apart from that, the rate of gold is not fixed and it is fluctuating from time to time because several factors depend upon it. In Pakistan the Gold Rate in Pakistan is always at higher level because Pakistani Rupees is always considered as low currency as compared with other world currencies. Likewise, if we look at Gold Price Pakistan History so Pakistan has never stable rate and the fact is so oblivious Pakistan has faced serious economic crisis and sever inflation.
Presently will impact on the gold rate today in Pakistan and other global markets due to following factors.
• When globally the demand of Gold is high the price will ultimately high.
• When the supply of gold is short from the market because central banks keeps it reserves than price of gold will also high.
• When the interest rate is increase the gold rate also increase
• When dollar is up the gold rate is also up, as they are closely tied with each other.