On Monday 16 Oct, 2023, the gold rate per Tola in Pakistan reached Rs 206,900.000. It’s interesting to see that 1 gram of 24k Gold was sold at Rs 17,739.000 while 10 grams of 24K Gold were being traded for Rs 177,390.000. This clearly shows the high value of gold in Pakistan. It’s impressive to know that a single ounce of 24 Karat gold was being traded at Rs 502,767.000. With such high rates, it shows that gold is a valuable commodity and it continues to hold its importance as a timeless investment. Investors in Pakistan and around the world continue to invest in gold, and it looks like it will continue this way for the foreseeable future.
Gold Rate in Pakistan Today 16 October 2023
| GOLD WEIGHT | GOLD PURITY | RATE TODAY 16 October 2023 |
|---|---|---|
| 10 Grams | 24K | Rs. 177,390 |
| 1 Tola | 24K | Rs. 206,900 |
| Per Ounce | 24K | Rs.502,767 |
| 10 Grams | 22K | Rs.162,607.500 |
| 1 Tola | 22K | Rs. 189,658.333 |
| Per Ounce | 22K | Rs.460,869.750 |
| 10 Grams | 21K | Rs. 155,216.250 |
| 1 Tola | 21K | Rs. 181,037.500 |
| Per Ounce | 21K | Rs.439,921.125 |
| 10 Grams | 20K | Rs. 148,535 |
| 1 Tola | 20K | Rs. 173,295 |
| 10 Grams | 18K | Rs.133,042.500 |
| 1 Tola | 18K | Rs. 155,175 |
| Per Ounce | 18K | Rs.377,075.250 |
Today Gold Rates in Pakistan Major Cities 16 October 2023
| City | Gold | Silver |
|---|---|---|
| Lahore | PKR.206,900 | PKR 2,304 |
| Karachi | PKR.206,900 | PKR 2,304 |
| Islamabad | PKR.206,900 | PKR 2,304 |
| Peshawar | PKR.206,900 | PKR 2,304 |
| Quetta | PKR.206,900 | PKR 2,304 |
| Sialkot | PKR.206,900 | PKR 2,304 |
| Attock | PKR.206,900 | PKR 2,304 |
| Gujranwala | PKR.206,900 | PKR 2,304 |
| Jehlum | PKR.206,900 | PKR 2,304 |
| Multan | PKR.206,900 | PKR 2,304 |
| Bahawalpur | PKR.206,900 | PKR 2,304 |
| Gujrat | PKR.206,900 | PKR 2,304 |
| Nawabshah | PKR.206,900 | PKR 2,304 |
| Chakwal | PKR.206,900 | PKR 2,304 |
| Hyderabad | PKR.206,900 | PKR 2,304 |
| Nowshehra | PKR.206,900 | PKR 2,304 |
| Sargodha | PKR.206,900 | PKR 2,304 |
| Faisalabad | PKR.206,900 | PKR 2,304 |
| Mirpur | PKR.206,900 | PKR 2,304 |
Today’s Gold Price in Pakistan Major CitiesOctober 16, 2023
Gold is one of the most sought-after precious metals and its value is constantly fluctuating. In Pakistan, gold holds a significant cultural and economic importance. It is used as a form of investment, for traditional ceremonies such as weddings, and as a symbol of wealth and status.
City-wise Gold Prices
On October 16, 2023, the gold price in Pakistan’s major cities was as follows:
- Lahore: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Karachi: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Islamabad: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Peshawar: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Quetta: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Sialkot: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Attock: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Gujranwala: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Jehlum: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Multan: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Bahawalpur: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Gujrat: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Nawabshah: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Chakwal: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Hyderabad: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Nowshehra: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Sargodha: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Faisalabad: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
- Mirpur: PKR.206,900 for 24K per tola and PKR.2,304 for 10 grams of silver.
Factors Affecting Gold Prices in Pakistan
There are several factors that can impact the gold prices in Pakistan, including:
- International market trends: As gold is a globally traded commodity, changes in its demand and supply in the international market can affect its prices in Pakistan.
- Economic conditions: The state of the economy, both locally and globally, can impact gold prices. In times of economic uncertainty or recession, investors may turn to gold as a safe haven, increasing its demand and thus its price.
- Currency exchange rates: As gold is traded in US dollars, fluctuations in the Pakistani rupee against the US dollar can impact gold prices in Pakistan.
- Government policies: Changes in government policies, such as taxes on gold imports or exports, can also affect its prices.
Gold as an Investment
Many people in Pakistan view gold as a safe and reliable form of investment. It is seen as a hedging tool against inflation and market volatility. Gold prices have historically shown an upward trend over time, making it an attractive investment option for some. However, gold investments also come with risks and should be researched thoroughly before making any decisions.
Gold in Pakistani Culture
Gold has a deep-rooted significance in Pakistani culture. It is often gifted at weddings and other traditional ceremonies, as well as worn as jewelry on special occasions. In many households, gold is seen as a symbol of wealth and prosperity. Therefore, changes in gold prices can also have an impact on cultural practices and traditions.
In conclusion, the gold price in Pakistan varies from city to city and is influenced by various factors. Whether used for investment or as a cultural symbol, gold continues to hold value and significance in Pakistani society. So, it is important to stay updated on the latest gold prices and factors affecting them. So, keep a lookout for any changes in gold prices and make informed decisions when it comes to this precious metal.
Stay Gold, Pakistan! Keep track of the ever-changing gold prices in your city and make wise investments. Let us continue to cherish the cultural significance and economic value of gold in our country.Stay updated, stay informed, and stay ahead. Together, let’s keep Pakistan shining with the beauty and sparkle of gold.