Gold Rate In Pakistan Today 16 April 2024

Significant Decrease in Gold Prices in Pakistan

Gold Rate in Pakistan today 16 April 2024 is being sold for Rs. 210000 per 10 grams, and the price of Gold is RS 244900 per tola in Pakistan today.

Gold Rate In Pakistan Today

Karachi is the central hub of the gold market, in Pakistan, Karachi is leading for the gold price; every city follows the Karachi Sarafa Bazar Association for the gold price, Today gold rates for different cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta are the same.
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,16 April 2024

Gold Rate 24K Gold Rate Today 22K Gold Rate Today 21K Gold Rate Today 18K Gold Rate Today
Gold Rate per Tola Today Rs 244,900 Rs 224,490 Rs 214,288 Rs 183,675
Gold Rate per 10 Gram Today Rs 210,000 Rs 192,499 Rs 183,750 Rs 157,500
Gold Rate per Gram Today Rs 21,000 Rs 19,250 Rs 18,375 Rs 15,750
Gold Rate per Ounce Today Rs 595,300 Rs 545,688 Rs 520,888 Rs 446,475
Gold Rate In Lahore Today Rs. 210000 per 10 grams and  Rs. 244900 per tola
Gold Rate In Karachi Today Rs. 210000 per 10 grams and  Rs. 244900 per tola

 

Key Factors that Drive the Gold Price

Overall global demand for gold; derives the gold rate in Pakistan. The jewelry-making industry uses gold on a huge scale. In Asian communities, gold is considered wealth and transfers from one generation to the second generation. 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 of 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 the USD goes up, the gold price also sees hikes.

Check the latest Gold prices in Pakistan updated on the RangeInn website. The standards of gold rates are accumulated in the London Bullion Market and sometimes by the IMF as they have the sole authority.

RangeInn keeps an eye on the gold rate in Pakistan daily.
*The prices mentioned above are without implemented taxes.