Latest Gold Rate in Pakistan, 22 November 2020

Today’s 24-karat Per tola Gold rate in Pakistan was being sold at Rs. 112600. These prices are normally the same all over Pakistan. Moreover, every city Sarafa market decides the current gold price.

Find the table providing the latest gold rates for the cities of Karachi, Lahore, Rawalpindi, Peshawar, Quetta, Faisalabad, Multan, Gujranwala, Sialkot, and Islamabad. Gold rates in Pakistan for 22 carats, 24 carats, 21 carats, and 18 carats are available in the table.

Gold Rate in Pakistan

Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold
per Tola Gold Rs. 112600 Rs. 103216 Rs. 98525 Rs. 84450
per 10 Gram Rs. 96600 Rs. 88549 Rs. 84525 Rs. 72450
per Gram Gold Rs. 9660 Rs. 8855 Rs. 8453 Rs. 7245
per Ounce Rs. 273900 Rs. 251073 Rs. 239663 Rs. 205425


Key Factors that Drive the Gold Price

The gold rates in Pakistan are also derived from the overall global demand for gold. Gold is used at very large-scaled in the jewelry making industry. 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. It is observed that when the 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.