Gold Pakistan 23 November, 2020 Rate
Today Gold rate in Pakistan, 23 November 2020; being sold for Rs 96,700 per 10 grams(24K), and the price of Gold is Rs 112,800 per Tola in Pakistan today.
Since the gold prices are different in every city of Pakistan, the rates can be checked for each of the cities at the RangeInn.
Important note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. Below rates are provided by local gold markets and Sarafa Markets of different cities.
Gold Price In Pakistan For 23 November 2020
| LOCATION | 24K 10G | 24K PER TOLA | 22K 10G |
|---|---|---|---|
| Karachi | Rs 96,700 | Rs 112,800 | Rs 88,641 |
| Lahore | Rs 96,700 | Rs 112,800 | Rs 88,641 |
| Islamabad | Rs 96,700 | Rs 112,800 | Rs 88,641 |
| Rawalpindi | Rs 96,700 | Rs 112,800 | Rs 88,641 |
| Peshawar | Rs 96,700 | Rs 112,800 | Rs 88,641 |
| Quetta | Rs 96,700 | Rs 112,800 | Rs 88,641 |
| Sialkot | Rs 96,700 | Rs 112,800 | Rs 88,641 |
Key Factors that Drive the Gold Price
Overall global demand for gold derives, gold rates in Pakistan. The jewelry-making industry uses gold on very large-scale. In Asian communities, gold is considered as wealth and does transfer from one generation to the second generation. The gold prices are increased if the global demand is increased. It is observed that when the interest rates are low, the gold rates go high because of the low opportunity cost involved with precious metals like gold. At the time of high inflation rates, creditors start losing money so they are more inclined to buy or hold more gold. The fluctuation in the USD also drives the gold price and is directly linked if USD goes up, the gold price also see hikes.
