Gold Rate in Pakistan
Current and historical gold rates in Pakistan with daily updates
White gold is an alloy of gold and at least one white metal, usually nickel, manganese, or palladium. White gold rates are typically 3-5% higher than yellow gold of the same karat due to the additional manufacturing processes and rhodium plating.
Understanding Gold Rates in Pakistan
Gold rates in Pakistan are influenced by international market trends, local demand, and currency fluctuations. The price of gold is typically quoted in terms of tola (11.664 grams), which is the standard unit of measurement for gold in Pakistan.
Factors Affecting Gold Rates
Several factors influence gold rates in Pakistan:
- International Gold Prices: Pakistan's gold rates are primarily determined by international gold prices, which are quoted in USD per ounce. The London Bullion Market Association (LBMA) sets the benchmark for global gold prices.
- Currency Exchange Rates: The USD to PKR exchange rate significantly impacts local gold prices. When the Pakistani rupee weakens against the US dollar, gold becomes more expensive in local currency.
- Local Demand: Seasonal demand, especially during wedding seasons and festivals, can drive prices up. The months of November to February typically see higher gold demand due to the wedding season in Pakistan.
- Government Policies: Import duties, taxes, and regulations affect the final retail price of gold. Changes in government policies regarding gold imports can cause significant price fluctuations.
- Economic Stability: During times of economic uncertainty, gold is considered a safe investment, increasing demand and prices. This is why gold often performs well during periods of high inflation or economic crisis.
Gold as an Investment in Pakistan
Gold has traditionally been a popular investment in Pakistan, serving as a hedge against inflation and currency depreciation. Many Pakistanis invest in gold jewelry, coins, or bars as a form of savings and wealth preservation. For more detailed investment strategies, visit our comprehensive guide to gold investment.
Historical Gold Rate Trends
Looking at the historical data from 2000 to 2024, gold prices in Pakistan have shown a remarkable upward trend. In 2000, gold was priced at approximately ₨ 5,800 per tola, compared to the current rate of ₨ 240,500 per tola. This represents an increase of over 4,000% in 24 years, highlighting gold's role as a store of value during periods of currency depreciation and inflation.
Several notable periods stand out in Pakistan's gold price history:
- 2006-2011: Gold prices saw a sharp increase during this period, rising from ₨ 12,500 to ₨ 48,700 per tola, driven by the global financial crisis and economic uncertainty.
- 2013-2015: A period of relative stability and slight decline, with prices hovering around ₨ 48,000 per tola.
- 2019-2024: Another period of dramatic increase, with prices rising from ₨ 86,500 to ₨ 240,500 per tola, influenced by global economic uncertainties, the COVID-19 pandemic, and significant PKR depreciation.
Types of Gold Available in Pakistan
Gold is available in various forms and purities in Pakistan:
- 24K Gold: 99.9% pure gold, ideal for investment but too soft for everyday jewelry.
- 22K Gold: 91.6% pure gold, commonly used for high-quality jewelry.
- 21K Gold: 87.5% pure gold, popular for ornate jewelry designs.
- 20K Gold: 83.3% pure gold, a good balance between purity and durability.
- 18K Gold: 75% pure gold, more durable and suitable for everyday wear.
- White Gold: An alloy of gold with white metals like nickel, silver, or palladium, often plated with rhodium for extra shine.
- Gold Coins and Bars: Available in various weights (typically 1g to 100g), these are preferred by investors looking for pure gold without making charges.
- Gold Jewelry: The most common form of gold ownership in Pakistan, though it includes making charges and may have gemstones that affect the overall value.
Regional Gold Markets in Pakistan
Pakistan has several major gold markets across different cities, with slight variations in prices:
- Karachi Sarafa Bazaar: Often considered the benchmark for gold prices in Pakistan.
- Lahore Sarafa Bazaar: One of the oldest and largest gold markets in the country.
- Peshawar Gold Market: Known for unique designs influenced by Afghan and Central Asian styles.
- Islamabad and Rawalpindi: Catering to the twin cities with modern jewelry outlets.
- Faisalabad: Rail Bazaar is the main gold market serving central Punjab.
- Multan: Hussain Agahi Bazaar is known for South Punjab's distinctive gold designs.
- Hyderabad: Resham Gali offers traditional Sindhi-style gold jewelry.
Stay updated with the latest gold rates on PakistanRate.com to make informed investment and purchasing decisions. For daily updates, check our Today's Gold Rate page.