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Gold Rate In Pakistan Today On January 5, 2021

Significant Decrease in Gold Prices in Pakistan

Gold rate in Pakistan today, 5 January 2021 is being sold for Rs. 99400 per 10 grams, and the price of Gold is Rs. 116000 per Tola in Pakistan today.

Below is the table providing the latest gold rates on 5 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 5 January 2021

Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold
per Tola Gold Rs. 116000 Rs. 106333 Rs. 101500 Rs. 87000
per 10 Gram Rs. 99400 Rs. 91116 Rs. 86975 Rs. 74550
per Gram Gold Rs. 9940 Rs. 9112 Rs. 8698 Rs. 7455

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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