Gold Price in Pakistan
In Pakistan the Gold is widely use in different purposes and several factors influence the Gold Price in Pakistan so if you are looking for the Gold Rate in Pakistan then you can take it from this website because they offered latest and accurate Price in Pakistan along with deep information regarding Gold Price Today its history and even more than that.
Gold price in the Pakistan observe fluctuation in rates almost on daily basis. People consider gold as the best investment for the future as it is usually expected to have more value in the future than the current currency value. It is said to be a reliable source to secure the asset. Gold can be bought in different forms as it is the best investment plan. Bullions bars, Coins, Jewelry are viewed as the best form for investing in gold as Gold rates have tremendous potential for price appreciation.
What is Gold Price in Pakistan Today?
Gold Price in Pakistan is Rs. 95,319 as latest updated price on 24 Feb, 2021
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.
How much is a Tola?
The measurement of tola varies in different countries. However, in Pakistan, one tola is equal to 11.663 grams.
Gold in Pakistan
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 in Pakistan 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 Today 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.
Besides that, the gold rate is great influence as per some of the determinants which are as follows
Gold Price Factors
Presently the gold price will impact 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.