Islamabad, Feb 6: The gold rate in Pakistan for 24K gold is recorded at Rs. 294,000 per tola. The price for 10 grams of 24K gold stands at Rs. 252,060, while the cost for a single gram is Rs. 25,206.
Gold Price Overview:
- 1 Tola of 24K Gold: Rs. 294,000
- 10 Grams of 24K Gold: Rs. 252,060
- 1 Gram of 24K Gold: Rs. 25,206
- 1 Ounce of 24K Gold: Rs. 714,420
Price Variations for Different Karats:
The gold rates for various karat grades on 6th February 2025 are as follows:
- 24K Gold: Rs. 294,000 per tola, Rs. 25,206 per gram
- 22K Gold: Rs. 269,500 per tola, Rs. 23,105.50 per gram
- 21K Gold: Rs. 257,250 per tola, Rs. 22,055.25 per gram
- 18K Gold: Rs. 220,500 per tola, Rs. 18,904.50 per gram
Read More:
IMF Announces Bailout Review Date After Sindh Tax Law Breakthrough
For an ounce of gold, the prices are:
- 24K Gold: Rs. 714,420
- 22K Gold: Rs. 654,885
- 21K Gold: Rs. 625,117.50
- 18K Gold: Rs. 535,815
Gold Measurement Conversion:
- 1 Tola equals 11.667 grams in Pakistan.
- 1 Ounce is equivalent to 2.43 Tolas or 28.35081 grams.
Factors Influencing Gold Prices:
Gold prices fluctuate due to a variety of factors, both domestic and international:
- Interest Rates: Higher interest rates can decrease the demand for gold as a store of value, as people may prefer interest-bearing investments.
- Monetary Policy: Central bank decisions, especially related to inflation control, can influence gold prices.
- Geopolitical Tensions: Political instability and conflicts often push investors toward the safety of gold, driving prices higher.
- Currency Markets: Gold is priced in U.S. dollars, so fluctuations in the value of the dollar directly impact gold prices. A weaker dollar makes gold cheaper for investors holding other currencies, increasing demand and raising prices.
- Jewelry Demand: Countries like India, where gold is a cultural staple, significantly impact global demand. Strong seasonal or wedding-driven demand can raise prices.
Understanding these dynamics helps in forecasting the trends in gold prices, which can assist investors and traders in making informed decisions.
