As of November 13, 2024, the gold rate in Pakistan is experiencing a dynamic market with various prices depending on purity levels:
Purity |
Price per Tola (PKR) |
Price per 10 Grams (PKR) |
| 24K | 275,350 | 236,068 |
| 22K | 252,469 | 216,396 |
| 21K | 240,993 | 206,560 |
| 20K | 229,517 | 196,724 |
| 18K | 206,565 | 177,051 |
These values reflect the rates from the Sarafa Jewelers Association, keeping track of international gold prices and adjusting for local market demand and currency exchange variations.
Gold in Pakistan remains a popular choice for jewelry and investment, particularly during wedding seasons, when demand peaks.
Gold prices can fluctuate daily based on the global market. The 24K gold, being the purest form, often serves as the primary investment due to its 100% purity.
Given these frequent price changes, many investors in Pakistan monitor rates closely, waiting for the most advantageous time to buy or sell gold.
The gold rate in Pakistan today is Rs. 275,400 per tola for 24K gold and Rs. 252,452 per tola for 22K gold
Gold prices are hitting all-time highs in 2024, driven by a combination of global factors, domestic demand, and the rupee’s resilience.
The worth that each gram and tola of gold holds beyond its cost; it is a combination of prudent financial management and cultural significance.
Recent gold prices in Pakistan for both 24k and 22k gold (per tola and per 10 grams) as of early November 2024:
| Date | 24k Gold (Per Tola) | 22k Gold (Per 10 Grams) |
| November 13 | PKR 284,500 | PKR 223,592 |
| November 12 | PKR 284,500 | PKR 223,592 |
| November 11 | PKR 284,500 | PKR 223,592 |
| November 10 | PKR 284,500 | PKR 223,592 |
| November 09 | PKR 284,500 | PKR 223,592 |
| November 08 | PKR 284,500 | PKR 223,592 |
| November 07 | PKR 286,150 | PKR 224,884 |
| November 06 | PKR 288,500 | PKR 226,736 |
| November 05 | PKR 289,300 | PKR 227,359 |
| November 04 | PKR 290,300 | PKR 228,148 |
This table shows gold price stability over the past few days, with a slight rise and fall pattern. Prices are influenced by global markets, inflation, and currency exchange rates
Understanding Gold Prices in Pakistan
The gold rate in Pakistan varies by city, but these fluctuations typically align closely with international markets. Karachi, as the largest trading center, sets a benchmark for prices that impact other cities, including Lahore, Islamabad, Peshawar, and Quetta.
Factors Influencing Gold Prices
Several factors drive changes in the gold rate:
- International Gold Prices: Global economic stability and international gold trading significantly impact local rates.
- Currency Exchange Rates: Since gold is priced in U.S. dollars, a weaker Pakistani Rupee results in higher local gold prices.
- Inflation and Interest Rates: Higher inflation often makes gold more appealing as a hedge, raising its price.
- Demand and Supply: Seasonal demand, especially during wedding seasons in Pakistan, can temporarily push prices up.
- Geopolitical Events: Political instability worldwide, such as trade disputes or conflicts, can make gold a safer investment, increasing demand and prices.
With the current rate of gold standing at PKR 275,400 per Tola for 24K gold, the metal remains a preferred investment for Pakistanis, particularly during economic uncertainties. By understanding the factors influencing gold prices and monitoring daily rates, investors can make informed decisions.
Why Invest in Gold?
Gold is considered a stable and valuable investment in Pakistan for these reasons:
- Hedge Against Inflation: Gold retains its value even during economic downturns.
- Liquidity: Easily tradable and convertible to cash.
- Tangible Asset: Unlike digital assets, gold is physical and resistant to technological risks.
- Portfolio Diversification: Gold often performs well during stock market downturns, balancing risk in investment portfolios.
Frequently Asked Questions (FAQs)
1. What is the current price of 24k gold per tola in Pakistan?
As of November 13, 2024, the price of 24k gold per tola in Pakistan is approximately PKR 284,500
2. How is gold measured in Pakistan?
In Pakistan, gold is commonly measured in “tola,” a traditional South Asian measurement unit, equivalent to 11.6638 grams. The per gram, 10-gram, and per-ounce rates are also often cited for convenience.
3.How many grams are in one tola of gold?
One tola of gold is equivalent to 11.6638 grams
4.Why do gold prices fluctuate daily in Pakistan?
Numerous variables influence gold prices, such as global market movements, shifts in the USD/PKR exchange rate, inflation, and local demand, especially during the wedding season.
