As of May 10, 2024, the gold rate per tola in Pakistan stands at Rs. 237,600. For those looking to purchase smaller quantities, the rate per gram is Rs. 20,371 for 24K gold. Alternatively, 10 grams of 24K gold are available for Rs. 203,710. These rates reflect the current market conditions for gold trading in Pakistan on this date.
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 Rates
| Description | Rate |
|---|---|
| 1 Tola Gold Rate | Rs. 237,600.000 |
| 10 Gram Gold Rate | Rs. 203,710.000 |
| 1 Gram Gold Rate | Rs. 20,371.000 |
| Gold rate per Tola in Pakistan today | Rs. 237,600.000 |
| 1 gram of 24k Gold | Rs. 20,371.000 |
| 10 grams of 24K Gold | Rs. 203,710.000 |
Table Showing Gold Rates in Different Cities Across Pakistan
| City | Symbol | Bidding | Asking |
|---|---|---|---|
| Karachi | KHI | 237600 | 237700 |
| Lahore | LHR | 237650 | 237750 |
| Islamabad | ISB | 237700 | 237800 |
| Quetta | UET | 237800 | 237900 |
| Peshawar | PEW | 237750 | 237850 |
What Effects Gold Price in a Country
1. World Trends: Prices of gold around the world affect the price in Pakistan.
2. Money Value: Changes in how much our money is worth compared to other currencies, especially the US dollar, can change gold prices.
3. 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.
4. 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.
5. Rules and Taxes: Government rules about buying and selling gold and how much tax we have to pay on it can affect the price.
6. 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.
7. 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 | Closing Rate | Day High | Day Low |
|---|---|---|---|
| 09 May 2024 | Rs. 237,600 | Rs. 237,950 | Rs. 237,400 |
| 08 May 2024 | Rs. 236,000 | Rs. 236,350 | Rs. 235,800 |
| 07 May 2024 | Rs. 235,200 | Rs. 235,550 | Rs. 235,000 |
| 06 May 2024 | Rs. 235,600 | Rs. 235,950 | Rs. 235,400 |
| 04 May 2024 | Rs. 235,550 | Rs. 235,900 | Rs. 235,350 |
| 03 May 2024 | Rs. 235,550 | Rs. 235,900 | Rs. 235,350 |
| 02 May 2024 | Rs. 236,300 | Rs. 236,650 | Rs. 236,100 |
| 30 Apr 2024 | Rs. 235,400 | Rs. 235,750 | Rs. 235,200 |
| 29 Apr 2024 | Rs. 237,900 | Rs. 238,250 | Rs. 237,700 |
| 27 Apr 2024 | Rs. 239,000 | Rs. 239,350 | Rs. 238,800 |
| 26 Apr 2024 | Rs. 238,800 | Rs. 239,150 | Rs. 238,600 |
| 25 Apr 2024 | Rs. 237,000 | Rs. 237,350 | Rs. 236,800 |
FAQs
What is the Price of 1 tola gold in Pakistan Today?
Today gold price in Pakistan per tola is PKR 237,600 a the the latest updated rate on 7 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.