Gold Rate in Pakistan Today 11 Oct 2023

Do you want to know the current gold rate in Pakistan today. Look no further because we have the latest update for you. As of October 11, 2023, the gold rate per tola stands at Rs. 201400, while the per gram rate for 24K gold is priced at Rs. 17267.1.

If you’re interested in 22K or 21K gold, those rates are available as well. With our Gold Calculator tool, you can easily calculate the current gold rates in 24K by entering the gramage in the textbox. We also provide a chart that shows historical gold rates as per the market. So if you’re in the market for gold, make sure to stay up-to-date with the latest rates. And remember, one gram of 24 Karat gold in Pakistan is currently priced at Rs. 17267.1.

Gold Rate in Pakistan Today 11 October 2023

Gold Rates in Pakistan Major Cities Today 11 October 2023

Gold Rates in Pakistan Major Cities Today, 11 October 2023

In today’s world, gold is not only considered a symbol of wealth and luxury but also an important part of the global economy.

In Pakistan, gold holds a special significance as it is one of the country’s major exports and a popular form of investment. The fluctuation in gold rates is closely monitored by traders, investors, and the general public.

Overview of Gold Rates in Pakistan

On 11 October 2023, the gold rates in Pakistan showed a steady trend with minor variations across major cities. Lahore, Karachi, Islamabad, Peshawar, Quetta, Sialkot, Attock, Gujranwala, Jehlum, Multan, Bahawalpur, Gujrat, Nawabshah, Chakwal, Hyderabad, Nowshehra, Sargodha, Faisalabad and Mirpur all reported similar rates of Rs. 201400 for 10 grams of gold and Rs. 2,270 for 1 gram of silver.

Gold rates in Pakistan are determined by a combination of international market trends, global demand and supply, as well as local factors such as currency exchange rates and government policies. Therefore, these rates may vary on a daily basis.

Factors Affecting Gold Rates

The most significant factor that affects gold rates is its demand and supply in the global market. The higher the demand for gold, the higher its price will be. This can be influenced by various economic and political factors such as inflation, interest rates, geopolitical tensions, and trade policies.

In Pakistan, currency exchange rates also play a vital role in determining gold rates. As the value of Pakistani Rupee fluctuates against major currencies such as the US Dollar, the gold rates are also affected accordingly.

The Importance of Gold Rates

Gold is considered a safe-haven asset during times of economic instability. As it tends to hold its value even when other assets lose their worth, many investors turn to gold as a means of diversifying their portfolio and protecting their wealth.

In Pakistan, gold is not only seen as a form of investment but also as a cultural symbol. It is often bought and gifted during special occasions such as weddings, festivals, and religious ceremonies.

Conclusion

Gold rates in Pakistan are significant not only for traders and investors but also for the general public. The steady trend observed on 11 October 2023 shows the stability of this precious metal in the country’s economy. As a symbol of wealth and cultural value, gold will continue to hold a special place in the hearts and minds of Pakistanis. So, it is always advisable to keep an eye on the latest gold rates before making any investment or purchase decisions. Stay updated with the gold rates in your city and make informed choices regarding this valuable asset.