by sadafestate 
- Gold Rate in Pakistan Today
- Factors Influencing Gold Price in Pakistan
The gold rate in Pakistan has hit an all-time high amid a gradually worsening economic crisis and the decline in the value of the rupee. According to financial experts, the price of this precious metal has been on an upward trajectory as investors are holding it as a hedge against inflation and currency devaluation.
It is also important to note that gold is getting expensive worldwide, with the aggressive measures of the US Federal Reserve being the primary reason behind the astronomical price hike.
Since the gold price in Pakistan is constantly fluctuating, we have listed the latest rates as per the Karachi Sarafa Bazaar Association. Please note that gold rates are generally the same throughout the country, with only slight variations in different cities.
GOLD RATE IN PAKISTAN 2023 [UPDATED MARCH 2023]
Let’s look at the latest gold rates in Pakistan.
| Gold Weight | 24K Gold Rate | 22K Gold Rate | 21K Gold Rate | 18K Gold Rate |
| Tola | PKR 195,530 | PKR 179,235 | PKR 171,089 | PKR 146,648 |
| 10 Gram | PKR 167,635 | PKR 153,665 | PKR 146,681 | PKR 125,727 |
| 1 Gram | PKR 16,764 | PKR 15,367 | PKR 14,668 | PKR 12,573 |
| 1 Ounce | PKR 475,240 | PKR 435,634 | PKR 415,835 | PKR 356,430 |
Disclaimer: The gold price in Pakistan is subject to frequent changes. This blog was last updated on March 1, 2023.
KEY FACTORS INFLUENCING GOLD PRICE IN PAKISTAN
INFLATION
Inflation is the primary reason behind the rising gold rate in Pakistan. To put it simply, when the price of goods increases and the purchasing power decreases, people tend to look for ways to protect their assets from devaluation and subsequently buy more gold as a hedge.
On a side note, investing in real estate during inflation could also be profitable.
ECONOMIC CONDITIONS
Poor economic conditions also result in the gold rates going up. Lack of growth in GDP, increased government spending, lack of disposable income, and the rising unemployment rate can all impact 1 tola gold price in Pakistan.
POLITICAL INSTABILITY
Another factor that influences gold prices in Pakistan is political instability. Uncertain times can lead investors to buy gold in large quantities to ensure their investment remains safe. Unfortunately, this phenomenon is witnessed around the world.
SUPPLY AND DEMAND
This one is pretty straightforward. The availability of gold in the market has a direct impact on its price. When the demand is higher and the supply is lower, it can lead to a rise in prices. On the other hand, when the demand is low and supply is high, it usually results in the lustrous metal becoming more affordable.
GLOBAL MARKET
Last but not least, the price of gold in the international market directly affects the rates in each country. Of course, global prices are controlled by currency exchange rates, political landscape, interest rates, supply and demand, and other factors.
