Latest Gold Rate In Pakistan For Dec 29, 2020
Today Gold rates in Pakistan, 29 Dec 2020 are being sold for Rs 96700 per 10 grams, and the price of Gold is Rs 112800 per Tola in Pakistan today.
Below is the table providing the latest gold rates 29 Dec 2020 for the cities of Karachi, Lahore, Rawalpindi, Peshawar, Quetta, Faisalabad, Multan, Gujranwala, Sialkot, and Islamabad.
Today’s latest gold prices in Pakistan for 22 carats, 24 carats, 21 carats and 18 carats are available on the table.
Gold Rate In Pakistan For 29 December 2020
| Gold Rate | 24K Gold | 22K Gold | 21K Gold | 18K Gold |
| per Tola Gold | Rs. 112800 | Rs. 103399 | Rs. 98700 | Rs. 84600 |
| per 10 Gram | Rs. 96700 | Rs. 88641 | Rs. 84613 | Rs. 72525 |
| per Gram Gold | Rs. 9670 | Rs. 8864 | Rs. 8461 | Rs. 7253 |
Key Factors that Drive the Gold Price
Overall global demand for gold derives, gold rates in Pakistan. The jewelry-making industry uses gold on a 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. When 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.
