Today Gold Price in Pakistan: There’s some good news for those looking to buy gold in Pakistan. As of today, March 14, 2024, gold prices have witnessed a minor decrease.
Here’s a quick rundown:
24-karat gold per tola: Rs. 228,500
10 grams of 24-karat gold: Rs. 179,616
It’s important to remember that gold prices in Pakistan fluctuate throughout the day, and they can vary slightly depending on the city and jeweler. Karachi is the main hub for the gold market, and most other cities follow the rates set by the Karachi Sarafa Bazar Association.
Why the Dip?
This recent decline is likely linked to a slight depreciation in the global gold price per ounce. Additionally, fluctuations in the US dollar-Pakistani rupee exchange rate can also influence local gold prices.
Looking for the Most Up-to-Date Prices?
While I provided some figures, it’s always best to consult a local jeweler or check online resources for the most recent quotes. Here are a few reliable sources: These prices are for 24-karat gold, the purest form. Gold jewelry is often sold in lower karats (like 22k or 18k) which will be slightly less expensive. Gold prices in Pakistan have been on a tear lately, showcasing a consistent upward trend. This surge has many consumers wondering.
Read More:
Bitcoin Rises Climb To New Record
Call Option Sellers Face Losses As Nifty Surges To New Peak
Upward Trajectory
As of recent reports (early March 2024), the price of 24-karat gold per tola has reached a significant high of around Rs. 230,200. This marks a substantial increase compared to earlier fluctuations. The price of smaller quantities, like 10 grams of 24-karat gold, has also climbed proportionally.
Global Connections
Experts point out that this upward trend in Pakistan is closely linked to developments in the international gold market. When global gold prices rise, local markets often follow suit. The current increase in the value of gold per ounce internationally is a contributing factor.
The Dollar Effect
Another factor influencing Pakistani gold prices is the exchange rate between the US dollar and the Pakistani rupee. Since most gold is traded in dollars, a stronger dollar can lead to a higher price for gold in Pakistan.
Is it a Buying Opportunity?
The decision to buy gold depends on your individual financial goals and risk tolerance. Gold is traditionally seen as a safe haven investment, but its price can be volatile.
Stay Informed
If you’re considering purchasing gold, it’s crucial to stay updated on market trends. Local jewelers and online resources like Sarmaaya.pk and FOREX.pk can provide valuable insights and the most recent price quotes. Remember, gold prices can fluctuate throughout the day, so it’s wise to shop around before making a purchase.
