Current Gold Rates in Pakistan: Gold Price Daily Updates

As on, Wednesday, 19 February 2025

Price Per 1 Tola

Rs. 288494

Price Per 10 Gram

Rs. 247342

Price Per 1 Gram

Rs. 24734

Price Per Ounce

Rs. 769320

Gold price in Pakistan fluctuates frequently due to various reasons including global market trends, currency exchange rate, and local demand. Determining accurate gold rates can be very challenging due to regular variations leaving investors confused about investing in it. This uncertainty and lack of accurate information can lead to financial loss for many users.

We understand the importance of accurate and up-to-date information on the gold rates in Pakistan. We will provide you with the most updated information on gold rates gathered from reliable sources including Sarafa markets.

Also, Check out the live silver rates in Pakistan.

Gold Price in Pakistan Today

Today the gold price in Pakistan per tola is 288494, per 10 gram gold price is 247342 and the price of gold per gram is 24734.

Gold PurityPer 1 GramPer 10 GramPer TolaPer Ounce
24K24734247342288494769320
22K22673226738264463705235
21K21642216424252432673155
20K20611206110240402641074
18K18550185506216371576990

Today Gold Prices in Major Cities of Pakistan

As of today, Wednesday, 19 February 2025, the gold prices in different cities of Pakistan are:

Top CitiesPer 1 GramPer 10 GramPer TolaPer Ounce
Karachi24734247342247342769320
Lahore24734247342247342769320
Islamabad24734247342247342769320
Quetta24734247342247342769320
Peshawar24734247342247342769320

How Gold Rate Is Fixed in Pakistan

Industrial Use

In Pakistan, the gold rate is fixed by taking many things under consideration including international gold prices, USD to PKR rate, profit margins of merchants, and taxes. Its price is set by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) locally in Pakistan. Globally it is set by the members of the London Bullion Market Association (LBMA). The gold price is set twice by LBMA every business day at 10:30 AM and 3:00 PM.

About Gold

Gold is one of the brightest and rarest metals found in nature. Its rust-free nature makes it ideal for jewelry and ornamental purposes. It is a global asset traded and used in almost all countries. Its price is set in US dollars due to which people find it safe to invest in it.

Factors Affecting the Gold Rates in Pakistan

If you are considering investing in this precious metal, you should be aware that there are several factors affecting gold prices.

Factors Effecting Gold Rate in Pakistan

Supply and Demand

Just like any other commodity, the Gold rate is affected by its supply and demand. The greater the supply, the higher the rate of gold. Supply generally comes from two sources. One is mining and the other is the recycling of household gold or old jewelry. Mining is the primary source of supply of gold.

Demand for gold increases generally due to the investment, making jewelry, and application of gold in technology. As a result, its rate is increasing continuously.

Interest Rate

Suppose we look at the 20-year history of the gold rate vs the interest rate. We notice that whenever the interest rate increases, the gold rate also increases. Similarly, whenever the interest rate decreases gold prices increase drastically.

The reason is when the interest rate is low, investors avoid keeping their money in government bonds or treasury bonds because of low-profit returns. On the contrary, they tend to invest in gold. So there is a negative correlation between the gold rate and the USD rate.

Us Dollar Index

Globally the rate of gold is set in US dollars. It means the US dollar and gold are somewhat competitors which confuses the people to either invest in gold or US dollars. If we analyze the past 20 years’ graph of dollar rate vs gold rate, we deduct a few things. When the US Dollar index is low or its demand is low, the gold rate increases. This means there is a negative correlation between the gold rate and the dollar rate.

From the graph, we see that whenever the USD price becomes flat, the price of gold increases, and similarly when the USD index moves positively, the gold rate becomes flat or decreases globally.

Currency Exchange Fluctuations

Fluctuations in currency imply a huge impact on gold rates as in different countries it is traded in different currencies. In Pakistan, its trade is done in Pakistani rupees. As our currency is depreciating constantly, even if the international gold rate is constant the gold rate in our country will increase. This means growth in the gold rate is high in Pakistan as compared to the global market.

Inflation

During inflation the currency depreciates and prices of commodities move up. This compels people to go for a safe investment option like gold. As a result demand for gold increases, which impacts its rate.

Jewelry Demand

Demand for jewelry also affects gold rates in Pakistan. In our country gold is used in daily routine and is present in every household. Particularly in the wedding season, the demand for jewelry goes up resulting in the increase of gold prices. This is the main cause of frequent fluctuations in the gold rate.

Import Duty

In Pakistan, gold is mined in small proportions which does not fulfill its need due to which the government has to import it. For that reason, the government imposes a certain amount of duty on gold imports. An increase or decrease in import duty has a strong impact on the gold rates in Pakistan. The higher the import duty, the more expensive the gold will be in Pakistan.

Geopolitical Factors

Gold prices are highly affected by geo-political events. During political unrest and economic uncertainties, investors tend to move towards storing gold because it retains its value. For instance, there has been a massive hike in gold rates internationally since the beginning of the Ukraine-Russia war. Similarly in the covid 19 pandemic demand for gold became high, causing its rate to rise drastically.

FAQ’s

Today 1 tola rate in Pakistan is Rs 288494.

One tola is equal to 11.6 grams.

One ounce is equal to 28.3 grams.

The 24-karat gold rates in Pakistan is 225,150 today.

The gold rate in Pakistan often fluctuates due to various reasons such as inflation, interest rate, USD rate, and currency exchange fluctuations.

Conclusion

Platinum is a popular metal known for its rarity and strength. Its unique properties make it a popular choice not only for industrial applications but also for jewelry. Although it is 30 times rarer than gold, platinum’s price fluctuates more due to its industrial demand and supply. Factors like industrial use, supply and demand, and geopolitical events play a vital role in determining platinum prices in Pakistan. While platinum may not have as high liquidity as gold, its unique qualities and industrial importance make it a valuable asset in the global market.

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