As of December 16, 2024, gold prices in Pakistan have experienced fluctuations influenced by international market trends. In major cities like Multan and Rawalpindi, the rates for 24-karat gold per tola are as follows:
| City | 24K Gold per Tola (PKR) |
|---|---|
| Multan | 282,600 |
| Rawalpindi | 282,600 |
Understanding Gold Measurements
In Pakistan, gold is commonly measured in tolas and grams. One tola is equivalent to approximately 11.66 grams. The purity of gold is denoted in karats, with 24K being pure gold. Lower karat values indicate the presence of other metals alloyed with gold.
Recent Trends in Gold Prices
Over the past month, gold prices have shown significant movement:
- Monthly Increase: Approximately PKR 11,050, equating to a 4.07% rise.
- Yearly Increase: Around PKR 64,750, marking a 29.75% surge.
Factors Influencing Gold Prices
Several factors contribute to the fluctuation of gold prices in Pakistan:
- International Market Rates: Global gold prices directly impact local rates.
- Currency Exchange Rates: The value of the Pakistani Rupee against the US Dollar affects gold pricing.
- Supply and Demand: Local demand for gold jewelry and investments can drive prices up or down.
Gold Rates in Major Pakistani Cities
Gold prices are consistent across major cities due to standardized pricing by local gold markets and Sarafa Associations.
| City | 24K Gold per Tola (PKR) | 22K Gold per Tola (PKR) |
|---|---|---|
| Karachi | 282,600 | 259,050 |
| Lahore | 282,600 | 259,050 |
| Islamabad | 282,600 | 259,050 |
| Peshawar | 282,600 | 259,050 |
Gold Price Calculation
For those interested in calculating gold prices based on weight and purity, here’s a simple method:
- Determine Weight: Decide the weight in grams or tolas.
- Select Purity: Choose the gold purity (e.g., 24K, 22K).
- Use Current Rates: Multiply the weight by the current price per unit weight for the chosen purity.
- Also calculate here gold.pk
Example Calculation
If you have 10 grams of 22K gold:
- Current Rate: PKR 222,099 per 10 grams.
- Calculation: 10 grams × PKR 22,209.9 = PKR 222,099.
Investment Considerations
Investing in gold is considered a safe haven during economic uncertainties. However, potential investors should consider:
- Market Volatility: Gold prices can fluctuate based on global economic conditions.
- Storage and Security: Physical gold requires secure storage.
- Liquidity: Gold is a liquid asset but selling may involve making charges and purity assessments.
Frequently Asked Questions (FAQs)
- Why do gold prices vary between cities?
- Gold prices are generally consistent across major cities due to standardized pricing by local gold markets and Sarafa Associations.
- How often do gold prices change in Pakistan?
- Gold prices can fluctuate multiple times a day based on international market trends and currency exchange rates.
- Is 24K gold better than 22K gold?
- 24K gold is pure gold, while 22K gold contains a small percentage of other metals, making it more durable for jewelry. The choice depends on personal preference and intended use.
- How can I verify the authenticity of gold?
- Authenticity can be verified through hallmarking, which indicates purity, and by purchasing from reputable jewelers.
Conclusion
Staying informed about current gold prices is essential for buyers, investors, and sellers. Regularly checking updates from reliable sources can help in making informed decisions regarding gold transactions.
Note: Gold prices are subject to change due to market dynamics. It’s advisable to consult local jewelers or financial advisors for the most current rates and investment advice.
