Gold in Pakistan has still remained one of the most treasured assets by investors, traders, and even households. Daily prices tend to change due to international trends, domestic demand, and international exchange rates. The current price of gold in Pakistan indicates the change in different karats, where the highest priced karat is 24k, the second one is 22k, and the third is 18k. Being aware of the revised gold rate would enable buyers and investors to make wise choices in the purchase of jewelry, the buying of bullion, or in buying and selling in the market.
Current Gold Prices in Pakistan
The current gold prices exhibit a distinct variation in purity. Although the investment-grade buying currency is 24k, it is common to find 22k and 18k in the ornament and jewelry category, which makes it more affordable to the average consumer.
| Karat Type | Price (per 10 grams) |
|---|---|
| 24 Karat | Rs 343,200 |
| 22 Karat | Rs 314,600 |
| 18 Karat | Rs 257,400 |
Market Insights
The increase in gold rate indicates world uncertainty in the economy and inflationary pressure in the country. Pakistan is more likely to invest in 24k gold as a safe long-term investment, and 22k and 18k wedding jewelry and gift jewelry are commonly purchased by households. The rate of 14k, which is not prevalent, is cost-effective. Gold varies in price, so it is necessary to keep abreast of the current day gold rate, just in case one is planning to invest in or buy jewelry in Pakistan.
Read : More Breaking And Daily Gold Rates News