On May 3, 2024, the price of gold was recorded at Rs. 236,300.000 per tola. For smaller quantities, such as 10 grams, the rate stood at Rs. 202,590.000, while for just one gram, it was Rs. 20,259.000. These rates reflect the varying prices based on the quantity of gold purchased, with higher quantities generally resulting in a lower per-gram rate.
| Type of Gold | Rate |
|---|---|
| 1 Tola | Rs. 236,300.000 |
| 10 Grams | Rs. 202,590.000 |
| 1 Gram | Rs. 20,259.000 |
Gold prices in Pakistan, just like anywhere else, change a lot during the day. This happens because many things can affect how much gold costs.
Things like how strong the economy is, what’s happening in politics, and how much gold people want to buy or sell all play a part.
Big cities like London and New York are really important for deciding gold prices because a lot of trading happens there all the time.
Also, things like taxes, fees for bringing gold into the country, and how the local market is doing can change the prices in Pakistan.
Plus, what the government decides to do, how much interest banks charge, and how fast prices are going up (inflation) can all make gold prices go up and down.
So, basically, gold prices in Pakistan are always changing because of a bunch of different reasons from around the world and at home.
Table Showing Gold Rates in Different Cities
| City | Gold 24K per Tola | Gold 22K per Tola |
|---|---|---|
| Karachi | Rs. 235,400 | Rs. 215,839 |
| Islamabad | Rs. 235,400 | Rs. 215,839 |
| Lahore | Rs. 235,400 | Rs. 215,839 |
| Multan | Rs. 235,400 | Rs. 215,839 |
| Peshawar | Rs. 235,400 | Rs. 215,839 |
Prices of Gold in Last Few Days
| Date | Gold 24K per Tola | Gold 22K per 10 Gram |
|---|---|---|
| May 02, 24 | Rs. 235,400 | Rs. 184,999 |
| May 01, 24 | Rs. 235,400 | Rs. 184,999 |
| Apr 30, 24 | Rs. 237,900 | Rs. 186,964 |
| Apr 29, 24 | Rs. 239,100 | Rs. 187,907 |
| Apr 27, 24 | Rs. 238,800 | Rs. 187,671 |
| Apr 26, 24 | Rs. 237,000 | Rs. 186,257 |
| Apr 25, 24 | Rs. 235,750 | Rs. 185,274 |
| Apr 24, 24 | Rs. 234,800 | Rs. 184,528 |
| Apr 22, 24 | Rs. 242,600 | Rs. 190,658 |
What Effects Gold Price in a Country
- World Trends: Prices of gold around the world affect the price in Pakistan.
- Money Value: Changes in how much our money is worth compared to other currencies, especially the US dollar, can change gold prices.
- Economy Health: If the country’s economy is not doing well, or if prices of things are going up a lot (inflation), people might buy more gold, which can make its price go up.
- How Much People Want Gold: If lots of people want to buy gold for jewelry or investment, the price can go up. But if there’s a lot of gold available, the price might go down.
- Rules and Taxes: Government rules about buying and selling gold and how much tax we have to pay on it can affect the price.
- Big Events: Things like wars or big political problems can make people want to buy more gold because it’s seen as a safe thing to have, which can make its price go up.
- Bank Interest: If banks offer more interest on saving money, people might prefer to save money instead of buying gold, which can make gold prices go down.
All these things together decide how much gold costs in Pakistan
FAQs
What is the Price of 1 tola gold in Pakistan Today?
Today gold price in Pakistan per tola is Rs. 236,300.000 as latest updated rate on 3 May, 2024.
How much is a Tola?
The measurement of tola may vary in different countries. However, the Gold rate in Pakistan one tola is equal to 11.66 grams.
How many grams are there in one tola and one ounce?
In Pakistan, a tola is approximately 11.667 grams.
Similarly, one ounce of gold in Pakistan is equivalent to about 2.43 tolas.
Overall, one ounce of gold weighs approximately 28.35081 grams.
What influences gold price?
Supply and demand dynamics, Geopolitical, economic uncertainty, Inflation? Interest rates, Currency strength.