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Latest Gold Rate For Dec 17, 2020 In Pakistan

Significant Decrease in Gold Prices in Pakistan

Today Gold rates in Pakistan, 17 Dec 2020 are being sold for Rs 95,600 per 10 grams, and the price of Gold is Rs 111,500 per Tola in Pakistan today.

Read more: 18 December 2020 gold rates in Pakistan.

Below is the table providing the latest gold rates 17 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 17 December 2020

Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold
per Tola Gold Rs. 111500 Rs. 102208 Rs. 97563 Rs. 83625
per 10 Gram Rs. 95600 Rs. 87633 Rs. 83650 Rs. 71700
per Gram Gold Rs. 9560 Rs. 8763 Rs. 8365 Rs. 7170

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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