Gold prices in Pakistan have continued to rise slightly today. The 24K gold price is Rs. 467,700 per tola, reflecting a moderate increase compared to the previous day. This increase is primarily driven by global economic factors that affect both domestic and international gold prices.
| Gold Purity | Per Tola (PKR) | Per Gram (PKR) | Per 10 Grams (PKR) | Per Ounce (PKR) |
|---|---|---|---|---|
| 24K Gold | Rs. 467,700 | Rs. 40,111 | Rs. 401,110 | Rs. 1,136,760 |
| 22K Gold | Rs. 428,722 | Rs. 36,134 | Rs. 361,340 | Rs. 1,042,573 |
| 21K Gold | Rs. 409,232 | Rs. 35,056 | Rs. 350,858 | Rs. 1,010,000 |
| 18K Gold | Rs. 350,775 | Rs. 30,140 | Rs. 301,400 | Rs. 870,000 |
Gold is historically regarded as a safe haven asset, especially during times of uncertainty. Today, as inflationary pressures remain persistent and geopolitical tensions rise, the demand for gold as a store of value is expected to increase. Furthermore, gold often serves as a hedge against currency devaluation, which is one of the primary reasons why investors are turning to this precious metal during challenging economic times.
Impact of Global Market Trends on Gold Prices:
- Inflation and Economic Instability:
As inflation continues to rise globally, particularly in the United States and Europe, many investors look to gold as a hedge. Gold has a reputation for retaining its value during periods of economic instability, making it an attractive choice in uncertain times. - Geopolitical Tensions:
Ongoing conflicts in various parts of the world, such as in the Middle East and Eastern Europe, have led to a rise in demand for gold. Investors often view gold as a safe-haven asset during geopolitical tensions, pushing prices higher as a result. - Currency Movements:
The strength of the US Dollar has a significant impact on the price of gold. As the dollar weakens, the price of gold tends to rise because it becomes more affordable for holders of other currencies. This inverse relationship between gold and the US Dollar is another key factor influencing price fluctuations.
🟡 Why is 22K Gold So Popular in Pakistan?
In Pakistan, 22K gold remains the most popular choice for jewelry, accounting for a significant portion of the retail gold market. Today, 22K gold is priced at Rs. 428,722 per tola. This purity level is favored for its balance between affordability and high gold content, making it a preferred option for wedding rings, necklaces, bracelets, and other ornaments.
22K gold provides a good balance between price and purity. While it is slightly more affordable than 24K gold, it still contains 91.6% gold, which makes it a solid option for long-term investments and high-quality jewelry.
🟡 21K Gold and 18K Gold Prices
21K gold is another popular option, especially for consumers looking for a slightly less expensive alternative to 22K gold. Today, 21K gold is priced at Rs. 409,232 per tola. This purity level contains 87.5% gold and offers a solid choice for investment or jewelry purposes at a lower price.
For those who need even more affordable options, 18K gold, which contains 75% gold, is available at Rs. 350,775 per tola. 18K gold is often used for jewelry that combines a good gold content with added durability from other metals, making it a popular choice for everyday wear.
Stay Updated with Daily Gold Pakistan.