Gold Rate In Pakistan Today On January 16, 2021
Gold rate in Pakistan today, 16 January 2021 is being sold for Rs. 94300 per 10 grams, and the price of Gold is Rs. 110000 per Tola in Pakistan today.
Below is the table providing the latest gold rates on 16 January 2021 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 16 January 2021
| Gold Rate | 24K Gold | 22K Gold | 21K Gold | 18K Gold |
| per Tola Gold | Rs. 110000 | Rs. 100833 | Rs. 96250 | Rs. 82500 |
| per 10 Gram | Rs. 94300 | Rs. 86441 | Rs. 82513 | Rs. 70725 |
| per Gram Gold | Rs. 9430 | Rs. 8644 | Rs. 8251 | Rs. 7073 |
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 the USD goes up, the gold price also see hikes.
