The gold prices in Pakistan today, on Monday 29 Apr 2024, are as follows:
– 24 karat gold: PKR 239,100 per tola
– 22 karat gold: PKR 187,908 per 10 grams
Here’s the table showing the gold prices in Pakistan based on different purities.
| GOLD PURITY | PER TOLA | PER 10 GRAM |
|---|---|---|
| 24K | Rs. 239,100 | Rs. 204,990 |
| 22K | Rs. 219,232 | Rs. 187,908 |
| 21K | Rs. 209,267 | Rs. 179,367 |
| 20K | Rs. 199,302 | Rs. 170,825 |
| 18K | Rs. 179,371 | Rs. 153,743 |
Does the Gold Price Remain the Same Throughout the Day?
Gold prices in Pakistan, just like anywhere else, change throughout the day. They’re influenced by various factors such as global and local economic conditions, political events, and supply and demand.
Major gold trading centers like London and New York play a significant role in determining these prices, as trading happens continuously there. Factors such as taxes, import fees, and local market conditions also impact gold prices in Pakistan.
Moreover, government policies, interest rates, and inflation rates also affect gold prices, making them fluctuate frequently. So, gold prices in Pakistan are always on the move, responding to a dynamic mix of global and local factors.
Table Showing Gold Rates in Different Cities
| City | Gold 24K per tola | Gold 22K per tola |
|---|---|---|
| Karachi | Rs. 239,100 | Rs. 219,232 |
| Islamabad | Rs. 239,100 | Rs. 219,232 |
| Lahore | Rs. 239,100 | Rs. 219,232 |
| Multan | Rs. 239,100 | Rs. 219,232 |
| Peshawar | Rs. 239,100 | Rs. 219,232 |
What Influences Gold Price
1. Economic Situation: When things get shaky in the economy, like during a recession or when prices start going up too fast (inflation), people often turn to gold because it feels safer. That can make the demand for gold go up, which usually means the price goes up too.
2. Supply and Demand: Just like with anything else you buy, if there’s not much gold around but lots of people want it, the price goes up. If there’s too much gold and not many people want it, the price might drop.
3. Interest Rates: When the interest rates banks offer are low, it’s not as tempting to put your money there. So, some people might put their money in gold instead, which can drive up its price.
4. Money’s Value: Gold is kind of like a backup money. So, when the regular money (like the dollar) isn’t worth as much, people might buy more gold, which makes its price go up.
5. Big Events: Sometimes, when things get crazy in the world, like wars or big political fights, people feel safer owning gold. That extra demand can push up the price.
6. Prices Going Up: When prices for everything else start going up too fast (inflation again), people often buy gold because they think its value will hold better. That can make the price go up.
7. Government Actions: Sometimes, when governments buy or sell gold or change their money policies, it can affect the price. Also, when they print more money or cut interest rates, people might buy more gold, driving up the price.
8. How People Feel:Lastly, sometimes it’s just about how people feel about gold. If they’re excited about it or worried about the economy, they might buy more gold, which can make the price go up.
So, lots of things can affect gold prices, but it’s mainly about how much people want it and what’s going on in the world.
FAQs
What is the Price of 1 tola gold in Pakistan Today?
Today gold price in Pakistan per tola is PKR 239,100 as latest updated rate on 29 April, 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.