There are numerous variables that affect gold prices worldwide, including in Pakistan. As a result, our gold prices are updated frequently according to Pakistan’s market. You can get daily updates on gold prices here. It is possible that gold prices vary from city to city, so we have set up the famous city pages below. So select your city from the list below and find out today gold rate in your city.

Gold rate in Pakistan – Saturday 19 Oct, 2024

Gold rate per Tola in Pakistan today is Rs 279,300.000 on Saturday 19 Oct, 2024.

1 gram of 24k Gold was being sold at Rs 23,946.000 and 10 grams of 24K Gold were being traded for Rs 239,460.000.

A single ounce of 24 Karat Gold was trading at Rs 678,699.000.

Importance of Gold in Pakistan

Gold is essential in Pakistani culture, woven into tradition, used in weddings, festivals, and religious ceremonies. It is highly valued for its wealth, tradition, religious importance, and status. Gold is highly valued in Pakistani society for its symbol of wealth, status, and significance in various occasions and ceremonies such as weddings, engagements, and birth rituals. In Pakistan, gold jewelry signifies love, blessings, and new beginnings in a bride’s life, enhancing beauty and elegance while ensuring individuals shine at social gatherings, festivals, and religious occasions. Gold is a trusted asset and value store in Pakistan, ensuring financial security and protecting against inflation. It is a stable investment with religious significance in Pakistani culture, particularly for Muslims. Gold jewelry is often worn during religious events like Eid and is also given to mosques and charitable groups as acts of devotion and charity. Gold is essential in Pakistani bridal traditions. The bride adorns herself with intricate gold jewelry including necklaces, earrings, bangles, and rings. The jewelry symbolizes family wealth and devotion to the bride.

What Impact on Gold rates in Pakistan?

Gold rates in Pakistan depend on global market conditions, international gold prices, currency exchange rates, import duties and taxes, and local supply and demand. The main factor is the global gold price. Gold prices are influenced by economic indicators, geopolitical events, inflation rates, interest rates, and investor sentiment. Prices are measured in troy ounces. The PKR exchange rate, particularly against USD, significantly influences gold rates in Pakistan due to its global pricing. Exchange rate fluctuations affect local gold rates. If PKR strengthens, gold rates may decrease. Vice versa. Pakistani govt. imposes taxes on gold imports. Import charge changes affect gold prices in Pakistan. Domestic supply and demand also impact gold rates. Local gold demand can affect prices, with higher demand potentially causing prices to increase if supply doesn’t keep up. If supply exceeds demand, prices may decrease, and premiums and charges affect gold rates in Pakistan. Market premiums cover retailers’ extra costs for inventory, storage, transportation, and other expenses. Making charges include craftsmanship and design in gold jewelry purchases.

Where GOLD is found in Pakistan?

Gold mining in Pakistan is complex, and the country is still in the early stages of maximizing its resource potential. Gold has been found in Reko Diq, Saindak Copper-Gold Mine, Chagai District, Punjab, and Khyber Pakhtunkhwa (KPK). Reko Diq in Balochistan, Pakistan holds the largest gold deposit in the country. This project in the Tethyan belt has vast reserves of gold and copper. Hurdles face Saindak Copper-Gold Mine in Balochistan, Pakistan, a valuable gold deposit. Pakistan and China collaborate on a project in Chagai District, Balochistan for copper production, with gold as a byproduct. Chinese companies are involved in its operation. Gilgit-Baltistan in Pakistan is famous for its plentiful gold resources with confirmed deposits in various projects. Gold deposits in Punjab and KPK provinces are being assessed for commercial viability, but small-scale occurrences have been reported. They are linked to alluvial and placer deposits formed when water contains gold particles. Gold exploration and extraction in these areas necessitates substantial investment, technical proficiency, and adherence to environmental and regulatory guidelines.

Gold Investment in Pakistan

Gold investment in Pakistan is popular for its stability, lasting value, and protection against inflation, with many individuals opting for gold in the form of jewelry or ornaments. Gold jewelry is a fashionable ornament and investment, with added charges and craftsmanship costs. Gold bars and coins are popular in Pakistan, with different weights and purities. Gold bars and coins are sold by authorized dealers, giving direct exposure to the gold price. In Pakistan, some financial institutions offer gold saving accounts or deposit schemes for investing in gold without ownership. Gold rates-based funding. Account value linked to gold price for convenient trading without physical delivery or storage needs. Gold ETFs in Pakistan allow investors to track and trade gold prices without owning physical gold, offering convenience, liquidity, and transparency. Investing in gold in Pakistan carries risks like global economics, geopolitics, currency fluctuations, and investor sentiment. Investors must research, follow trends, seek advice, consider goals, risk tolerance, and time frame. The Pakistani government regulates the gold market, including imports, taxes, and legal investments.