The gold rate in Karachi today, which is the 12th of October 2023, has seen a sharp increase according to reports from the All-Pakistan Gems and Jewellers Association. The price of 24 carats gold has gone up by Rs5,500 and now stands at Rs205,000 per tola. Similarly, the cost of 10-gram gold has increased by Rs4,715, settling at Rs175,754. It is interesting to note that the APGJA has resumed providing daily gold rates after a crackdown on illegal activities in the sector. Moreover, the global market also witnessed a spike in gold trading at $1,872 per ounce, up by $16. This information serves as a reminder of how important it is to stay updated on the latest gold rates in the evergreen gold market.
Gold Rate In Karachi Today 12 october 2023
| Gold Rate | 24K Gold | 22K Gold | 21K Gold | 18K Gold | |||||
|---|---|---|---|---|---|---|---|---|---|
| Per Tola Gold | Rs.207,900 | Rs.190,575 | Rs.181,912 | Rs.155,925 | |||||
| Per 10 Gram Gold | Rs.178,240 | Rs.163,386.667 | Rs.155,960 | Rs.133,680 | |||||
| Per 1 Gram Gold | Rs.17,824 | Rs.16,338.667 | Rs.15,596 | Rs.13,368 | |||||
| Per Ounce | Rs.505,197 | Rs.463,097.250 | Rs.442,047.375 | Rs.378,897.750 |
Gold Prices In Karachi Today 12 October 2023
Gold is a valuable metal that has been used as currency and a store of value for centuries. Its popularity has only increased over time, making it an integral part of the global economy. One of the major factors affecting gold prices is the demand and supply in various markets around the world.
In Pakistan, Karachi is one of the major cities where gold rates are closely monitored. As of 12 October 2023, the gold rate in Karachi for different purities is as follows:
- 24K Gold: Rs.207,900 per Tola / Rs.178,240 per 10 Grams / Rs.17,824 per 1 Gram / Rs.505,197 per ounce
- 22K Gold: Rs.190,575 per Tola / Rs.163,386.667 per 10 Grams / Rs.16,338.667 per 1 Gram / Rs.463,097.250 per ounce
- 21K Gold: Rs.181,912 per Tola / Rs.155,960 per 10 Grams / Rs.15,596 per 1 Gram / Rs.442,047.375 per ounce
- 18K Gold: Rs.155,925 per Tola / Rs.133,680 per 10 Grams / Rs.13,368 per 1 Gram / Rs.378,897.750 per ounce
The gold rates in Karachi, and in Pakistan as a whole, are influenced by various factors such as international market trends, local demand and supply, and government policies. Investors and traders closely track these rates to make informed decisions about their gold investments.
Apart from being used as an investment tool, gold also has religious and cultural significance in many societies. It is often gifted during weddings or other special occasions, making it an important part of celebrations and traditions.
As a result, the demand for gold remains steady in Karachi, keeping its prices relatively stable compared to other commodities. However, like any other investment, gold rates can also fluctuate in response to global economic conditions and geopolitical events.
Therefore, for anyone interested in buying or selling gold in Karachi, it is crucial to keep a close eye on the current gold rates and stay updated with any major changes in the market. This will help them make well-informed decisions and maximize their potential gains. So, whether you’re a seasoned investor or just looking to buy some gold jewelry, it is important to stay informed about the ever-changing gold rates in Karachi. And who knows, maybe one day you’ll be able to say that you bought gold at a great price on 12 October 2023!
Please note that these prices are for reference purposes only and may differ from the actual prices in the market. It is always recommended to check with local jewelers for the most accurate and up-to-date prices. For more information on gold rates, you may visit websites of reputable sources such as banks or commodity exchanges.
FAQ: Gold Rate In Karachi Today 12 October 2023
What is the price of 1 Tola gold in Karachi today?
What is the price of 24 carat gold in Karachi today?
What is 22 carat gold rate in Karachi today?
What is the price of gold in PKR today?
Conclusion
Gold is a valuable and versatile asset that continues to hold its allure as an investment and cultural symbol. As seen in the Gold Rate In Karachi Today 12 October 2023, the prices of this precious metal can vary depending on several factors. It is important to stay informed and make well-informed decisions when it comes to buying or selling gold in Karachi, or any other market. With its long history of stability and growth, gold remains a popular choice for investors and collectors alike. So, keep an eye on the gold rates and perhaps you’ll be able to take advantage of a great deal in the future! As they say, knowledge is power, and staying informed about gold rates can definitely give you an edge in the market.