Gold has remained among the most monitored commodities in Pakistan, with its price fluctuations directly impacting the investors, jewelers, and consumers. According to the recent information at the bullion markets of Karachi, Lahore, and Multan, the price of a tola of 24-karat gold is 371,890 PKR, and the cost of 10 grams of 24-karat gold is 318,841 PKR. Such changes are subject to the international price changes in gold and changes in the fluctuating volatility of the US dollar, which is a significant domestic price-influencing factor.
Current Gold Rates Across Karats
The new bullion market gold rate chart is as follows:
| Gold Type | Rate per Gram (PKR) | Rate per 10 Grams (PKR) |
| 24K | 31,884.00 | 318,841.00 |
| 22K | 29,227.00 | 292,270.00 |
| 18K | 23,913.00 | 239,130.00 |
The rate of 24 karat is the premium rate of gold, meaning it is the purest form of gold, whereas the other lower karats, such as 18K, are cheaper with less amounts of gold in them.
Causes of the Gold Price Volatility
The gold prices in Pakistan are strongly influenced by the international market and the power of the US dollar. The higher the value of the dollar compared to that of the Pakistani rupee, the higher the price of gold in the local market. On the other hand, any depreciation of the dollar will bring some reprieve, but this effect can easily be neutralized by the international demand and geopolitics.
Moreover, increased inflation and economic uncertainty stimulate the motivation of more people to invest in gold as a safe-haven asset. This pressure drives up the price. The jewelry markets in Pakistan, and particularly during the wedding season, also contribute to the demand and generate temporary oscillations.
Due to the prevailing economic conditions in the world market, most of the analysts feel that the demand for gold among investors and consumers will remain very high. In the case of the daily buyers, it is very important that they make sense of the daily price changes before committing to the purchase of important products such as jewelry or investment gold bars.
Gold is not only a symbol of wealth and tradition in Pakistan but also a safe way of keeping money in hard times. Keeping one up-to-date with new rates and international forces keeps the consumers and investors updated with their selections.