Gold Price in Pakistan 2023
The gold price in Pakistan is expected to reach Rs. 100,000 per tola by 2023, according to a report by the World Gold Council (WGC). Currently, the gold price in Pakistan is Rs. 85,000 per tola. The WGC said that the rising prices are due to an increase in demand for gold and a decrease in supply.
It added that the global economic uncertainty is also contributing to the rise in prices. In its report, the WGC forecasted that the gold price would continue to rise in the next few years and could even reach $2,000 per ounce by 2025.
Today Gold Rate in Pakistan in Urdu
The current gold rate in Pakistan is Rs. 85,600 per tola. The price of 24 karat gold is Rs. 75,540 per 10 grams. 22K gold costs Rs. 69,460 per 10 grams.
Gold Price in Pakistan Chart
Gold Price in Pakistan Chart: The gold price in Pakistan chart is a graphical representation of the movement in the gold prices over a period of time. The prices are represented in Pakistani Rupees (PKR) per gram.
The chart covers data for the last 30 days and is updated daily. The gold price in Pakistan reached an all-time high of PKR 139,900 per tola (11.66 grams) on October 7, 2020. On that day, the price of 10 grams of gold was PKR 119,200.
The previous record high was PKR 138,000 per tola which was set on December 12, 2012. The recent surge in gold prices is attributed to a number of factors including global economic uncertainty due to the COVID-19 pandemic and tensions between the US and China. Gold is seen as a safe haven investment during times of economic turmoil and political uncertainly.
In Pakistan, gold is used primarily for jewelry but it also has religious significance as many Muslims consider it haram (forbidden) to wear or use anything made from gold other than for medical purposes. Despite this belief, demand for gold jewelry continues to grow especially among wealthier Pakistanis who can afford it.
Gold Price in Pakistan 21K
Gold is a valuable metal that has been used for centuries as both a currency and a store of value. Today, the gold price in Pakistan is 21k per tola, which is equivalent to about $619 USD. This makes gold quite affordable for many people in Pakistan.
Gold is often purchased as jewelry or as an investment, and it is also used in some religious ceremonies.
Dollar Rate in Pakistan
The dollar rate in Pakistan is determined by the interbank market and is based on the international currency rates. The Pakistani rupee was devalued several times since independence in 1947. The most recent devaluation occurred in December of 2016 when the Pakistani rupee reached an all-time low against the US dollar.
As of July of 2017, 1 US dollar is equal to 104 Pakistani rupees.
Gold Rate in Pakistan Today Per Tola 12 Gram
Gold prices in Pakistan are updated at Monday 04 March 2019, 07:00 pm, GMT (Monday 04 March 2019, 11:00 pm, Islamabad time) 1 Tola Gold Rate = Rs. 64,600.00 per tola
Conclusion
Gold is a precious metal that has been used as a form of currency, jewelry, and other decorative items for centuries. The gold price in Pakistan fluctuates based on the international market; however, it is generally affordable for most people. Gold is a popular choice for gifts and investment purposes.