Current Gold Rate in Pakistan
Are you planning to invest in gold or plan to buy gold bullion for yourself? Well, it is one of the most profitable investments that you can make and it does not need an expert to advise you on how to invest. You can invest in gold by yourself and even if you are not an expert in this field then you can still invest in gold. However, before you go ahead and invest in gold you should consider some important things that will help you decide on a better investment.
First of all, you should know about gold rates in Pakistan. Today Pakistan is the tenth-largest consumer of gold and the fourth-largest producer of gold. Gold has played an important role in Pakistan’s economy ever since the country’s formation. Gold trade plays a vital role in this economy and it is estimated that the GDP of Pakistan would increase by over 20% simply due to the gold trade. Today gold rate in Pakistan stands at present at 21k gold ounces.
Today’s gold rates in Karachi for 22 carats, 24 carats, 21 carats, and 18 carats are given on the table below:
|GOLD RATE||24 Karat Gold Rate Today||22 Karat Gold Rate Today||21 Karat Gold Rate Today||18 Karat Gold Rate Today|
|Gold Per Tola||Rs. 111800||Rs. 102483||Rs. 97825||Rs. 83850|
|Gold Per 10 Grams||Rs. 95850||Rs. 87862||Rs. 83869||Rs. 71888|
|Gold Per Gram||Rs. 9585||Rs. 8786||Rs. 8387||Rs. 7189|
|Gold Per Ounce||Rs. 271730||Rs. 249084||Rs. 237764||Rs. 203798|
Now you may ask why do we need to know the latest gold prices in Pakistan when we can actually get the current price from the gold traders and resellers? Well, the answer is very simple. When you are buying gold for personal use then you don’t need to keep track of the gold rate in Pakistan. But when you are going to buy gold as an investor then you will need to know the current gold rate in Pakistan and the latest gold prices in order to invest properly. This will help you decide on whether to purchase a quantity of gold at a lower price or to invest in a small quantity and earn a higher profit.
You may ask about the current gold rate in Pakistan and the current gold prices in the market today. Well, if you want to have a better understanding of all these then you need to purchase gold as per the current gold rates at the refineries and gold dealers. You must purchase the gold as per the current gold rate in Pakistan and the latest gold prices in the international market today. To get the best results always purchase gold bullion and not fine gold jewelry. If you purchase fine gold jewelry you will get better results as compared to purchasing a small quantity of gold.
To get better results you must purchase pure gold items today rather than jewelry. You can also visit the localities where gold items are sold. However, the localities might not have the pure 24k gold items in their inventory. The localities will be selling jewelry made up of gold-coated in other metals. So you should check the purity of the gold before investing in gold.
The best way to purchase gold from the localities in the old gold. Polka gold is also known as white gold has almost the same appearance and quality as pure gold but it is comparatively less expensive. You can easily find old gold items in the market or you can also search for the dealer online. The price of tola gold will vary according to its grade and quality.
You can easily find the current gold rate in Pakistan by visiting the gold shops in the cities or the localities and then compare the prices with the Rupee for gold. The present gold price is quite high when compared with the standard unit of measurement. However, there are many reasons due to which the current price of gold is high in comparison with the standard units. The first and foremost reason is that the world economy is facing recession. This will increase the competition among the companies and will increase the price of gold. When the price of gold increases, the Rupee drops, and consequently the foreign exchange market stabilizes.
Another important reason for the high gold rate in Pakistan is the presence of mines and precious metals in the region. There is an abundance of nickel, gold, and silver in the mountainous regions of Pakistani. Therefore, the demand for these precious metals will continuously increase and will result in high gold prices. If you are a dealer in the foreign exchange market and want to buy or sell precious metals, then you should keep in mind all these points. After doing so, you will easily be able to understand the current gold rate in Pakistan.