1 Tola Gold price in Pakistan today is 218800 Tola. Here you can find the latest gold prices and current prices in graphs in different weights like per tola, per ounce and 10 grams. urduhi.com provides all the gold prices according to Pakistan market with daily app update, it monitors the ups and downs of gold prices on a daily basis.
Gold price plays an important role in the market. Because its buying and selling is very high, on the day when the price of gold is low, the rush of gold buyers becomes very high. Similarly, when the price is high, some needy people come to sell the gold. The purpose of publishing this article is to inform you about the price of gold and what has been the price of gold in the coming days and what is the price of gold today.
Along with golden colored gold, many people also like white gold. The question of White Gold Price in Pakistan must be in your mind.
1 Tola Gold Price in Pakistan
Sunday 3 December 2023 Gold price in Pakistan Time: 12:00 PM
Gold Rate Today in Pakistan on 3 December 2023 is Rs. 218800 Per Tola For 24-Karat Gold. 10 Gram Gold Price is Rs 187,590.
24K 1 Tola Gold Rate in Pakistan
24K 10 Gram Gold Rate Today
The price of gold is currently increasing due to rising inflation. But now in the last few days the price of gold has decreased. It can be expected that the price of gold is seen to decline further in the coming days. The price of gold is determined in the gold trading center of Karachi. In almost all the cities of Pakistan, the gold market of Karachi operates the selected rate.
Today Gold Price in Pakistan Sunday 3 December, 2023
Gold Price in Pakistan Today 3 December 2023 is 218800. Here daily rates of all types of gold are provided in which 24 karat gold price is Rs. 213,700, 22 karat gold price is Rs. 184,160, 21 karat gold rate is Rs.177188 per tola and similarly 18k gold price is fixed at Rs.151875.
|Gold Rate||24K Gold||22K Gold||21K Gold||18K Gold|
|Per Tola Gold||215,200||173,157||165,288||141,675|
|Per 10 Gram Gold||184,160||148,453||141,706||121,463|
|Per 1 Gram Gold||16,195||14.845||14171||12146|
The price of gold has increased due to rising inflation. Due to this, the middle class people in the society have to face a lot of problems. Currently, the price of gold per tola in Pakistan is 18 thousand rupees. Also, this rate is updated over time in the gold rate.
Gold Prices Today Major Cities in Pakistan
The price of gold is determined on a daily basis in Karachi but apart from that there is little variation in the price of gold in other cities.
|Gold Rate in Karachi||202500||202600|
|Gold Rate in Lahore||202550||202650|
|Gold Rate in Islamabad||202600||202700|
|Gold Rate in Quetta||202700||202800|
|Gold Rate in Peshawar||202650||202750|
Last 10 Days Gold Rate in Pakistan
|Date||24K Gold||24K Gold 10 Gram|
|3 Oct 2023||Rs. 202,800||Rs. 173870|
|2 Oct 2023||Rs.202,500||Rs. 173870|
|1 Oct 2023||Rs. 202,800||Rs. 173870|
|30 Sep 2023||Rs. 202,800||Rs. 173870|
|29 Sep 2023||Rs. 205,600||Rs. 176,270|
|28 Sep 2023||Rs. 202,600||Rs. 173,700|
|27 Sep 2023||Rs. 202600||Rs. 173700|
|26 Sep 2023||Rs. 204100||Rs. 173450|
|25 Sep 2023||Rs. 210100||Rs. 180130|
|24 Sep 2023||Rs. 214600||Rs. 184000|
|23 Sep 2023||Rs. 214600||Rs. 184000|
|22 Sep 2023||Rs. 215800||Rs. 185020|
|21 Sep 2023||Rs. 216400||Rs. 185530|
|20 Sep 2023||Rs. 217900||Rs. 186820|
|19 Sep 2023||Rs. 218100||Rs. 186990|
|18 Sep 2023||Rs. 220400||Rs. 171325|
|17 Sep 2023||Rs. 218100||Rs. 171325|
|16 Sep 2023||Rs. 218000||Rs. 172504|
|15 Sep 2023||Rs. 219500||Rs. 171482|
Gold Weight Table
|Gram||g||1 gram = 0.035274 ounces troy|
|Kilogram||kg||1 kilogram = 35.274 ounces troy|
|Troy ounce||ozt||1 troy ounce = 31.1034768 grams|
|Baht||bht||1 baht = 15.244 grams = 0.4901 ounces troy|
|Tola||tl||1 tola = 11.6638 grams = 0.375 ounces troy|
|Tael||tl||1 tael = 37.429 grams = 1.20337 ounces troy|
|Mesghal||mg||1 mesghal = 4.6083 grams|
Difference Between 24K and 22K Gold
There are many types of gold, each with a different value. Here is the information about the difference between 24k and 22k gold.
Purity: 24k gold is 99.9% pure. It is the purest form of gold.
Softness: Since this gold is pure, it is very soft. Soft gold is vulnerable to scratches and dents.
Hypoallergenic: It is not a mixture of different metals due to which allergic reactions are very less.
Color: 24k gold shows a deep yellow color. Which is a natural shade of gold.
Usage: This pure gold is used to make gold coins, bars and jewellery.
Purity: 22k gold is about 91.7% pure gold, with the remaining 8.3% being alloys.
Softness: 22k gold is harder than 24k gold, because it contains other metals.
Hypoallergenic: Like 24k gold, it is also less allergenic as it does not contain high alloying metals.
Color: It is also yellow in color but lighter in color than 24k gold.
Usage: This gold is used to create intricate jewelry pieces.
Some Factors Affecting Gold Price in Pakistan
Gold is used in many places, which is why it is widely bought and sold. And since gold is so widely traded, many factors influence its price. All these elements are read below step by step.
- Investor Behavior
- Interest Rates
- Currency Markets
- Jewelry demand
- Import Duty
- Monetary policy
- Equity markets
Demand and Supply
When the demand for gold increases in the market, it increases the price of gold, on the contrary, when the price of gold decreases, its value decreases. Demand for gold prices in Pakistan is mostly during the wedding season, but it is bought and sold throughout the year. The demand for gold greatly affects its price.
The price of gold also depends on the investors. Who invest in different forms. One of its most common form of vehicles is Exchange Traded Funds. It is like trading a stock. ETFs are traded through many institutions. Its trade also fluctuates. Because ETFs have many gold holdings, the price of gold fluctuates significantly.
Increased inflation also affects the price of gold. Inflation almost drives economic growth. When the economy grows, it increases the money supply in the country. When the money supply begins to circulate too widely, it devalues notes, making it more difficult to buy new assets. Likewise, gold becomes more difficult to buy.
Along with inflation, interest rates also affect the price of gold. When interest rates increase, then investors try to sell more funds and invest more in deposits to take advantage of interest rates. By doing this, the demand for gold decreases which in turn causes the price of gold to fall. On the contrary, when interest rates are low, investors avoid depositing funds, which leads to increased buying and selling of gold in the market. Due to which the price of gold increases. This proves that the rate of interest causes fluctuations in the price of gold.
The price of gold also changes due to the increase or decrease in the currency market. When a foreign currency appreciates, it depreciates the country’s currency, which in turn increases the value of gold. On the contrary, when the value of foreign currency decreases, the value of rupee increases, due to which the price of gold decreases.
If the demand for something increases, then its price will increase. Similarly, if the demand for gold increases in the market, then the price will increase. On the contrary, if the demand decreases, then the price of gold will decrease.
Import Duty also plays an important role in the price of gold. When gold is imported from abroad, there are many taxes imposed by the government due to which its price is affected.
Geopolitical factors affect the price of gold. When there is political instability, it causes investors to turn to gold as a safe haven, which causes the price to rise. But if the political stability persists, it makes investors buy less gold, which lowers gold prices in the market.