On May 13, 2024, the gold prices in Pakistan varied depending on the purity level, measured in karats.
For 24-karat gold, which represents the highest purity, the price per tola was Rs. 239,650, while the price per 10 grams was Rs. 205,461.
As the purity level decreased, the prices followed suit. For instance, 22-karat gold was priced at Rs. 219,736 per tola and Rs. 188,340 per 10 grams, while 18-karat gold, which contains more alloy metals, was priced at Rs. 179,784 per tola and Rs. 154,096 per 10 grams.
These prices reflect the market value of gold, influenced by factors such as global gold rates, currency fluctuations, and local supply and demand dynamics within the Pakistani market.
Gold prices in Pakistan can change a lot throughout the day because they’re influenced by many factors.
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.
Cities like London and New York are especially important because a lot of gold trading happens there. Taxes, fees for importing gold, and how well the local market is doing can also impact prices in Pakistan.
Government decisions, bank interest rates, and inflation can all make gold prices go up or down. So, gold prices in Pakistan are always changing because of various reasons, both global and local.
Table Showing Gold Rate
| Gold Purity | Price per Tola | Price per 10 Grams |
|---|---|---|
| 24K | Rs. 239,650 | Rs. 205,461 |
| 22K | Rs. 219,736 | Rs. 188,340 |
| 21K | Rs. 209,747 | Rs. 179,779 |
| 20K | Rs. 199,759 | Rs. 171,218 |
| 18K | Rs. 179,784 | Rs. 154,096 |
Table Showing Gold Rates in Different Cities Across Pakistan
| City | Gold 24K per Tola | Gold 22K per Tola |
|---|---|---|
| Karachi | Rs. 239,650 | Rs. 219,735 |
| Islamabad | Rs. 239,650 | Rs. 219,735 |
| Lahore | Rs. 239,650 | Rs. 219,735 |
| Multan | Rs. 239,650 | Rs. 219,735 |
| Peshawar | Rs. 239,650 | Rs. 219,735 |
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 jewellery 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.
Table Showing Gold Rates in the Last Few Days
| Date | Gold 24K per Tola | Gold 22K per 10 Gram |
|---|---|---|
| May 11, 24 | Rs. 235,650 | Rs. 188,339 |
| May 11, 24 | Rs. 239,650 | Rs. 188,339 |
| May 10, 24 | Rs. 237,600 | Rs. 186,728 |
| May 09, 24 | Rs. 236,000 | Rs. 185,471 |
| May 08, 24 | Rs. 235,200 | Rs. 184,842 |
| May 07, 24 | Rs. 235,200 | Rs. 184,842 |
| May 07, 24 | Rs. 235,600 | Rs. 185,157 |
| May 06, 24 | Rs. 235,550 | Rs. 185,117 |
This table summarizes the gold prices for 24 karat per tola and 22 karat per 10 grams on different dates in May 2024.
FAQs
What is the Price of 1 tola gold in Pakistan Today?
Today gold price in Pakistan per tola is Rs. 239,650.
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.