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Latest Gold Rate In Pakistan For Dec 24, 2020

Significant Decrease in Gold Prices in Pakistan

Today Gold rates in Pakistan, 24 Dec 2020 are being sold for Rs 96,600 per 10 grams, and the price of Gold is Rs 112,700 per Tola in Pakistan today.

Below is the table providing the latest gold rates 24 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 24 December 2020

Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold
per Tola Gold Rs. 112700 Rs. 103308 Rs. 98613 Rs. 84525
per 10 Gram Rs. 96600 Rs. 88549 Rs. 84525 Rs. 72450
per Gram Gold Rs. 9660 Rs. 8855 Rs. 8453 Rs. 7245

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.

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