The gold rate in Pakistan today, 12 October 2023, shows promise for those with an interest in the precious metal. As per recent updates, a single tola of 24-karat gold is being sold for Rs207,900, while 10 grams of 24k gold are being traded for Rs178,240. Similarly, 10 grams of 22k gold are available for Rs168,730, and a single tola of 22-karat gold is priced at Rs196,807.
We must keep in mind that the gold rate in Pakistan is never fixed, as it fluctuates according to the international market. As such, the above rates are sourced from local gold markets and Sarafa Markets of different cities. However, these prices definitely indicate a lucrative opportunity for individuals who are looking to invest in gold and its growing industry, both locally and globally.
Gold Rate In Pakistan 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 Pakistan Today 12 october 2023
The latest update on the gold rate in Pakistan today reveals an increase in the price of 24 carats gold by Rs5,500, making it settle at Rs205,000 per tola. Similarly, the price of 10-gram gold increased by Rs4,715, amounting to Rs175,754.
These figures have been released by the All-Pakistan Gems and Jewellers Association (APGJA), who recently resumed providing daily gold rates after a crackdown on illegal activities in the gold sector. The international market also saw a hike of $16, with gold trading at $1,872 per ounce. As the gold market remains a crucial sector for investment in many countries, it is essential to stay updated on the latest rates.
Today Gold Rates in Pakistan Major Cities 12 October 2023
City | Gold | Silver |
---|---|---|
Lahore | PKR 207,900 | PKR 2,300 |
Karachi | PKR 207,900 | PKR 2,300 |
Islamabad | PKR 207,900 | PKR 2,300 |
Peshawar | PKR 207,900 | PKR 2,300 |
Quetta | PKR 207,900 | PKR 2,300 |
Sialkot | PKR 207,900 | PKR 2,300 |
Attock | PKR 207,900 | PKR 2,300 |
Gujranwala | PKR 207,900 | PKR 2,300 |
Jehlum | PKR 207,900 | PKR 2,300 |
Multan | PKR 207,900 | PKR 2,300 |
Bahawalpur | PKR 207,900 | PKR 2,300 |
Gujrat | PKR 207,900 | PKR 2,300 |
Nawabshah | PKR 207,900 | PKR 2,300 |
Chakwal | PKR 207,900 | PKR 2,300 |
Hyderabad | PKR 207,900 | PKR 2,300 |
Nowshehra | PKR 207,900 | PKR 2,300 |
Sargodha | PKR 207,900 | PKR 2,300 |
Faisalabad | PKR 207,900 | PKR 2,300 |
Mirpur | PKR 207,900 | PKR 2,300 |
Gold Rate in Pakistan Today 12 October 2023 per tola
The gold market is a crucial sector for investment in many countries, and staying updated on the current rates is essential. As of today, the latest update on the gold rate in Pakistan reveals an increase in prices.
Increase in Gold Prices
According to the All-Pakistan Gems and Jewellers Association (APGJA), the price of 24 carats gold has increased by Rs5,500, making it settle at Rs205,000 per tola. Similarly, the price of 10-gram gold has also increased by Rs4,715 and now amounts to Rs175,754. This increase in prices is a result of various factors such as global market trends and demand.
International Market Trends
The international market has also seen a hike in gold prices, with the precious metal trading at $1,872 per ounce. This is an increase of $16 from the previous day’s rates. The fluctuation in international market trends can have a significant impact on gold prices in Pakistan.
City-wise Gold Rates Today on October 12, 2023
Let’s take a look at the city-wise rates of gold in Pakistan on October 12, 2023:
- Lahore: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Karachi: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Islamabad: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Peshawar: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Quetta: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Sialkot: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Attock: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Gujranwala: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Jehlum: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Multan: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Bahawalpur: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Gujrat: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Nawabshah: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Chakwal: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Hyderabad: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Nowshehra: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Sargodha: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Faisalabad: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
- Mirpur: PKR 207,900 per tola for gold and PKR 2,300 per tola for silver.
It is important to keep in mind that these rates can vary from city to city due to various factors such as demand and supply, currency exchange rates, and market conditions.
Gold has always been considered a safe investment option, especially during times of economic uncertainty. It is important to stay updated on the current gold rates in order to make informed decisions about buying or selling this precious metal.
We hope this document provided you with useful information about today’s gold rates in Pakistan.
Additional Information
- The price of gold is usually quoted per tola in Pakistan. A tola is a unit of measurement that equals to approximately 11.66 grams.
- Apart from jewelry and investment, gold is also used in various industries such as electronics, dentistry, and aerospace.
- In Pakistan, the demand for gold increases during wedding and festival seasons, resulting in a rise in its prices.
- The global gold market is influenced by various factors such as economic conditions, political instability, and central bank policies. These factors can also impact the price of gold in Pakistan.
- Other major cities in Pakistan that have significant gold markets include Rawalpindi, Sargodha, Larkana, and Sukkur.
- The demand for silver is also high in Pakistan, with an increasing number of people investing in this metal as well. Silver is usually sold per tola and its price can vary from city to city just like gold.
Resources for Gold Investors
- For those interested in investing in gold, it is important to stay updated on the prices and market trends. This can be done by following financial news websites, attending seminars and workshops, and networking with other gold investors.
- It is also recommended to consult with a financial advisor before making any major investment decisions.
- In addition to physical gold, there are also options for investing in gold through stocks, mutual funds, and exchange-traded funds (ETFs).
- It is important to do thorough research and understand the risks involved before investing in any form of gold.
- In Pakistan, there are several reputable dealers and jewelers who offer a variety of gold products for investment purposes. It is important to purchase from a trusted source to ensure the authenticity and purity of the gold.
- The State Bank of Pakistan also regulates the import and export of gold to maintain a stable market. It is important for investors to be aware of any changes in policies or regulations related to gold investments.
FAQ:
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Conclusion
In conclusion, gold remains an important asset in Pakistan’s economy and holds great value for both ornamental and investment purposes. Stay informed on the current rates and market conditions before making any decisions related to gold investment.