Many people in Pakistan who are interested in purchasing gold are paying close attention to the current gold rate, especially with today being Monday, October 9th, 2023. As of Monday, a single tola of 24-karat gold was priced at Rs195,600, while 10 grams of 24k gold were sold for Rs 167,700. It’s important to note that these prices are subject to change due to the constantly fluctuating international market.
Local gold markets and Sarafa Markets of different cities across Pakistan provide these rates, which are an essential resource for anyone looking to buy or sell gold. Though the prices may fluctuate, staying updated on the current gold rate is crucial for anyone in the market for this luxurious and valuable commodity.
Gold Rate in Pakistan Today 9th October 2023
|Gold Rate||24K Gold Rate Today||22K Gold Rate Today|
|per Tola Gold||Rs. 195000||Rs. 178750|
|per 10 Grams||Rs. 167181||Rs. 153249|
|per Gram Gold||Rs. 16718||Rs. 15325|
Gold Prices In Pakistan Today 9 October 2023
Today, on the 9th of October 2023, the gold prices in Pakistan have placed 24K gold at Rs. 195000 per tola, while 22K gold has been set at Rs. 178750 per 10 grams. With such a steep rise in the rates, the economy is shifting drastically, and everyone is keeping a close eye on the gold market.
People are considering alternative investment opportunities, and the demand for gold has been fluctuating rapidly. Despite the unpredictability, gold still remains a lucrative asset for investors. It will be interesting to see what the future holds for the gold market in Pakistan.
1 Tola Gold Price in Pakistan Today 9 October 2023
Today, on October 9th, 2023, the price of one Tola of gold in Pakistan is worth noting. Market trends show that the gold rates are volatile and subject to fluctuations daily, making it essential for traders and investors to keep a close eye on their movements. The price of 24K and 22K gold is currently at Rs. 195000 and Rs. 167181 per Tola, respectively.
Additionally, the gold rate for 10 grams of 24K and 22K is at Rs. 178750 and Rs. 153249, respectively, while the rate per gram for 24K and 22K is currently at Rs. 16718 and Rs. 15325, respectively. The gold market in Pakistan is quite active, and the data is always subject to change, making it essential to stay current with the latest prices for interested parties.
Today Gold Rates in Pakistan Major Cities 8 October 2023
|Lahore||PKR 195,600||PKR 2,260|
|Karachi||PKR 195,600||PKR 2,260|
|Islamabad||PKR 195,600||PKR 2,260|
|Peshawar||PKR 195,600||PKR 2,260|
|Quetta||PKR 195,600||PKR 2,260|
|Sialkot||PKR 195,600||PKR 2,260|
|Attock||PKR 195,600||PKR 2,260|
|Gujranwala||PKR 195,600||PKR 2,260|
|Jehlum||PKR 195,600||PKR 2,260|
|Multan||PKR 195,600||PKR 2,260|
|Bahawalpur||PKR 195,600||PKR 2,260|
|Gujrat||PKR 195,600||PKR 2,260|
|Nawabshah||PKR 195,600||PKR 2,260|
|Chakwal||PKR 195,600||PKR 2,260|
|Hyderabad||PKR 195,600||PKR 2,260|
|Nowshehra||PKR 195,600||PKR 2,260|
|Sargodha||PKR 195,600||PKR 2,260|
|Faisalabad||PKR 195,600||PKR 2,260|
|Mirpur||PKR 195,600||PKR 2,260|
Gold Rate in Pakistan Today
On 9th October 2023, the gold rate in Pakistan remained steady with a slight increase compared to the previous day. The price of gold per tola (12.5 grams) was recorded at PKR 195,600 while the price for 10 grams was PKR 2,260. This information is based on the latest data from various cities in Pakistan.
Gold Prices by City
Here is a breakdown of gold prices across different cities in Pakistan as of 9th October 2023:
- Lahore: PKR 195,600 for one tola and PKR 2,260 for one gram
- Karachi: PKR 195,600 for one tola and PKR 2,260 for one gram
- Islamabad: PKR 195,600 for one tola and PKR 2,260 for one gram
- Peshawar: PKR 195,600 for one tola and PKR 2,260 for one gram
- Quetta: PKR 195,600 for one tola and PKR 2,260 for one gram
- Sialkot: PKR 195,600 for one tola and PKR 2,260 for one gram
- Attock: PKR 195,600 for one tola and PKR 2,260 for one gram
- Gujranwala: PKR 195,600 for one tola and PKR 2,260 for one gram
- Jehlum: PKR 195,600 for one tola and PKR 2,260 for one gram
- Multan: PKR 195,600 for one tola and PKR 2,260 for one gram
- Bahawalpur: PKR 195,600 for one tola and PKR 2,260 for one gram
- Gujrat: PKR 195,600 for one tola and PKR 2,260 for one gram
- Nawabshah: PKR 195,600 for one tola and PKR 2,260 for one gram
- Chakwal: PKR 195,600 for one tola and PKR 2,260 for one gram
- Hyderabad: PKR 195,600 for one tola and PKR 2,260 for one gram
- Nowshehra: PKR 195,600 for one tola and PKR 2,260 for one gram
- Sargodha: PKR 195,600 for one tola and PKR 2,260 for one gram
- Faisalabad: PKR 195,600 for one tola and PKR 2,260 for one gram
- Mirpur: PKR 195,600 for one tola and PKR 2,260 for one gram
Factors Affecting Gold Prices in Pakistan
The price of gold is influenced by various factors such as global market trends, changes in currency exchange rates, demand and supply dynamics, and political and economic conditions.
In recent years, the gold prices in Pakistan have shown an upward trend due to various reasons including the weakening Pakistani rupee against the US dollar, high inflation rates, and geopolitical tensions in the region. Investors often turn to gold as a safe haven during times of uncertainty, which can also drive up the demand and ultimately the prices. Additionally, fluctuations in international gold prices can also play a role in determining the local rates in Pakistan.
Gold as an Investment
Gold has always been considered a valuable investment option due to its stability and ability to retain value over time. In Pakistan, gold is not only bought for ornamental purposes but also as a means of investment. The demand for gold in the country is high, particularly during wedding seasons and festivals. Many people also see it as a hedge against inflation and a way to diversify their investment portfolio.
The gold rate in Pakistan is an important indicator of the economic conditions in the country and is closely monitored by investors, traders, and the general public. While it can be affected by various factors, gold remains a popular investment option for many people in Pakistan. As with any investment, it is important to conduct thorough research and consult with financial experts before making any decisions.
So, staying updated with the current gold prices in different cities can help individuals make informed decisions regarding their investments. With this, we come to an end of discussing the current gold rate and related information in Pakistan. We hope this article provided valuable insights into the topic. Happy investing! So, keep a close eye on the gold prices and make wise investment choices accordingly.