Gold Rate In Pakistan Today 16 May 2024
Today, the gold Rate in Pakistan on 16 May 2024 is currently sold for Rs. 212600 per 10 grams, and the price of Gold is RS 248000 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 MAY 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 248,000 | Rs 227,332 | Rs 217,000 | Rs 186,000 |
| Gold Rate per 10 Gram Today | Rs 212,600 | Rs 194,882 | Rs 186,025 | Rs 159,450 |
| Gold Rate per Gram Today | Rs 21,260 | Rs 19,488 | Rs 18,603 | Rs 15,945 |
| Gold Rate per Ounce Today | Rs 602,700 | Rs 552,471 | Rs 527,363 | Rs 452,025 |
| Gold Rate In Lahore Today | Rs. 212600 per 10 grams and Rs. 248000 per tola |
| Gold Rate In Karachi Today | Rs. 212600 per 10 grams and Rs. 248000 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.
