Gold Rate In Pakistan Today, 8th May 2021
Gold Rate in Pakistan today on 8 May 2021 is being sold for Rs.89680 per 10 grams, and the price of Gold is Rs.104600 per tola in Pakistan today.
Gold Rate In Pakistan Today
Karachi is the main hub of the gold market, in Pakistan, Karachi is leading for the gold price, every city follows 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, 8 May 2021
| Gold Rate | 24K Gold | 22K Gold | 21K Gold | 18K Gold |
| per Tola Gold | Rs. 104600 | Rs. 95883 | Rs. 91525 | Rs. 78450 |
| per 10 Gram | Rs. 89680 | Rs. 82206 | Rs. 78470 | Rs. 67260 |
| per Gram Gold | Rs. 8968 | Rs. 8221 | Rs. 7847 | Rs. 6726 |
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 very large scale. In Asian communities, gold is considered wealth and transfers 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.
Check the latest Gold prices in Pakistan updated on the RangeInn website. The standards of gold rates are accumulated in London Bullion Market and sometimes by IMF as they have the sole authority.
RangeInn keeps an eye on the gold rate in Pakistan daily.
