Gold Rate in Pakistan today on 16 March 2021 is being sold for Rs. 87000 per 10 grams, and the price of Gold is Rs. 101500 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.
Gold Price In Pakistan, 16 March 2021
|Gold Rate||24K Gold||22K Gold||21K Gold||18K Gold|
|per Tola Gold||Rs.101500||Rs. 93041||Rs. 88813||Rs. 76125|
|per 10 Gram||Rs. 87000||Rs. 79749||Rs. 76125||Rs. 65250|
|per Gram Gold||Rs. 8700||Rs. 7975||Rs.7613||Rs.6525|
|per Ounce||Rs. 246600||Rs. 226048||Rs. 215775||Rs. 184950|
Important Factors which Drive the Gold Price In Pakistan
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 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.
Check the latest Gold prices updated on Daily NawaePakistan’s website. The standards of gold rates are accumulated in London Bullion Market and sometimes by IMF as they have the sole authority.
NawaePakistan keeps an eye on today’s gold rate in Pakistan on daily basis.