| Gold Rate | 24K Gold | 22K Gold | 21K Gold | 18K Gold | |||||
|---|---|---|---|---|---|---|---|---|---|
| Per Tola Gold | 235,200.000 | 215,600.000 | 205,800.000 | 176,400.000 | |||||
| Per 10 Gram Gold | 201,650.000 | 184,845.833 | 176,443.750 | 151,237.500 | |||||
| Per 1 Gram Gold | 20,165.000 | 18,484.583 | 17,644.375 | 15,123.750 | |||||
| Per Ounce | 571,536.000 | 523,908.000 | 500,094.000 | 428,652.000 |
In terms of gold trade, Karachi holds a unique position as Pakistan’s financial and commercial hub. This city serves as a hub for precious metals, including gold, because of its bustling ports and thriving business community. Since Karachi is a major trade center and gold is imported directly through its port, it historically has a lower gold price than other Pakistani cities. Especially for those interested in large quantities, the city’s price advantage makes it a popular choice for gold buyers. Karachi’s gold market is a vibrant network of wholesalers, retailers, and refineries. Having such a competitive landscape ensures competitive pricing and a broader selection of gold products. Additionally, the city’s proximity to international trade routes makes gold prices more volatile to global market changes. Gold prices fluctuate daily and are lower in Karachi, but they’re still influenced by global trends. Although Karachi may offer a slight advantage, it’s important to compare prices between reputable jewelers. Our website publishes daily gold rates in Karachi, so be sure to check it frequently.
Decoding Gold Rates in Karachi :
In Karachi, you have a competitive edge, but you can become a more informed buyer by understanding gold rate fluctuations. Here’s a deeper dive:
- International Market: Gold prices are significantly influenced by global factors such as political tensions, currency exchange rates, and supply chain disruptions. Market prices in Karachi will be impacted by an increase in international prices.
- Exchange Rate: Considering that gold is traded in USD, variations in the Pakistani rupee’s value directly affect gold prices in Pakistan. As the rupee weakens, imports become more expensive, which drives up domestic prices.
- Karachi Sarafa Bazaar: Gold trade in Karachi takes place at this historic market. Every day, the Karachi Sarafa Jewellers Association sets the benchmark gold rate based on international prices and local market conditions.
- 24k vs. Lower Karats: A 24k gold bar commands the highest price because it is the purest form. In most cases, jewelry uses gold mixed with another metal (such as 22k or 18k) for durability. Prices per gram are lower when the karat is lower.
- Making Sense of Tola and Grams: Gold is traditionally priced per tola (roughly 11.66 grams) in Pakistan. To make comparisons easier, many jewelers also offer price per gram.
- Negotiation: There is no doubt that Karachi offers competitive rates, but negotiations, particularly for larger purchases, are common. Getting a better price from a jeweler may be possible if you build a rapport with them.
If you buy gold in the City of Lights, stay informed about global market trends and compare prices from different Karachi jewellers.
Karachi vs. Other Cities:
Karachi offers slight price advantages, but there are variations:
- Lahore: Since Lahore is farther from Karachi and supply is lower, gold prices in Lahore tend to be higher there because demand is higher and supply is lower.
- Islamabad: As the nation’s capital and far from Karachi Port, where gold is directly imported, Islamabad’s gold prices could be slightly higher than Karachi’s.