Islamabad, Feb 22: The gold price in Pakistan today is Rs 309,300 per tola for 24K gold. Gold rates fluctuate daily due to various economic factors. Below is the latest gold price breakdown in Pakistan:
| Gold Purity | Per Tola (Rs) | Per 10 Grams (Rs) | Per Gram (Rs) | Per Ounce (Rs) |
|---|---|---|---|---|
| 24K Gold | 309,300 | 265,180 | 26,518 | 751,599 |
| 22K Gold | 283,525 | 243,081 | 24,308 | 688,965 |
| 21K Gold | 270,637 | 232,032 | 23,203 | 657,649 |
| 18K Gold | 231,975 | 198,885 | 19,888 | 563,699 |
Understanding Gold Measurements
- 1 Tola = 11.667 grams
- 1 Ounce = 28.35081 grams
- 1 Ounce = 2.43 Tolas
Factors Influencing Gold Prices
Gold rates do not remain constant; they are influenced by several economic and geopolitical factors. Some key reasons for gold price fluctuations include:
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1. Interest Rates & Monetary Policies
Gold has an inverse relationship with interest rates. When interest rates rise, investors prefer interest-generating assets over gold, causing its price to drop. Conversely, lower interest rates boost gold’s appeal.
2. Currency Market & Inflation
Gold is primarily traded in US dollars. A strong dollar can make gold expensive for international buyers, reducing demand and lowering its price. Similarly, inflation increases gold’s value as people consider it a safe hedge against rising prices.
3. Geopolitical Uncertainty
Global crises, wars, and political instability often push investors toward gold as a safe-haven asset, increasing its price.
4. Demand for Jewelry & Investment
Gold demand for jewelry, especially in countries like India and China, directly impacts its price. Higher demand leads to price hikes, while lower demand causes prices to decline.
5. Stock Market & Risk Appetite
When stock markets perform well, investors shift towards equities, reducing gold demand. However, during economic uncertainty, gold becomes a preferred asset, driving prices higher.
The gold market is highly dynamic, with prices changing due to economic trends and global events. Keeping track of these factors helps investors and buyers make informed decisions. Stay updated with the latest gold prices to make the best financial choices.
