The gold rate in Pakistan today per tola 19 February 2024 is 220,100 for 24k gold, and the gold rate in Pakistan today for 10 grams is 188,700.
As of February 19, 2024, the current gold prices in Pakistan are 220,100 PKR per tola for 24k gold and 188,700 PKR for 10 grams of 24k gold. Additionally, the gold rates for 22k gold are 201,280 PKR per tola and 172,580 PKR for 10 grams.
Does the gold price remain the same throughout the day?
Gold price in Pakistan does not remain the same throughout the day, it changes many times a day. The main reason behind changing the gold price or increasing gold price is the political instability and the increasing price of the dollar.
Pakistan is going through political instability which directly affects Pakistan’s Economy and the prices of gold and the dollar.
Dollar rate and gold price relationship
The dollar rate has a direct effect on gold prices. In Pakistan, the dollar price doesn’t remain the same so the gold price also fluctuates with the dollar rate and is also influenced by the trends in the global market.
The provided gold prices are obtained from the local markets of Karachi and Multan.
For the most up-to-date and accurate information on gold prices, it is recommended that individuals consult with local gold merchants and jewellers.
Reasons behind changing price of gold
Here are some of the reasons behind gold prices increasing or decreasing.
Supply and Demand
When more people want gold than is available, its price goes up. If there’s a lot of gold and few people want it, the price goes down.
Geopolitical and Economic Uncertainty
Gold is seen as safe when things are uncertain. So, when there’s trouble in the world or the economy, more people buy gold, which makes its price go up.
Inflation
When money loses its value because prices go up, people buy gold to keep their wealth safe. So, when inflation rises, price of gold also rises.
Interest Rates
When interest rates are low, people don’t earn much from savings accounts or bonds. So, they buy gold instead, which raises its price. But if interest rates are high, fewer people buy gold, so its price drops.
Currency Strength
Gold is traded worldwide in dollars. If the dollar gets weaker, it takes more dollars to buy gold, so its price goes up.Central Bank PoliciesWhen central banks print lots of money or make iteasyy to borrow, it can lead to inflation. So, people buy gold to protect themselves, pushing its price up.
Market Speculation
Sometimes, people buy or sell gold based on rumours or guesses about the future. This can cause gold prices to change quickly.
Jewelry and Industrial
Demand Besides investing, gold is used in jewellery and industry. When more jewellery or electronics are made, it affects how much gold is available, which can change its price.
FAQs
What is the Price of 1 tola gold in Pakistan Today?
Today gold price in Pakistan per tola is Rs. 220,100 as the latest updated rate on 18 Feb 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, one ton of gold equals 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 is the gold rate in Pakistan today?
Today gold rate in Pakistan is Rs. 220,100.What is the rate of 24K gold in Pakistan? 24K Gold rate in Pakistan is Rs. 188,700 per 10 grams.
How much 22-carat gold in Pakistan?
22 carat Gold rate in Pakistan is 201810.
What influences gold price?
Supply and demand dynamics, Geopolitical, economic uncertainty, Inflation? Interest rates, Currency strength.