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Here is the trending news on gold rate in Pakistan
24-karat per Tola in Pak is Rs 215,100.
Who want to buy smaller amount of gold in Pak is of interest too.
The value of 10 grams of 24-karat is Rs 184,414. 22-karat is valued at Rs 169,046.
These rates are collected from major cities of Pak.
Upward trend is observed internationaly too. The current rate standing is at $1,999 per ounce.
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I believe soaring gold prices in Pakistan will impact various sectors of the economy. The jewelry industry can bear the brunt, as the costlier gold has already made it unaffordable for consumers, triggering a decline in demand for gold jewelry.
The financial market will also feel the ripple effects. Investors who had poured money into gold can see a spike in the value of their investments but having said that surge in gold prices will start fears about inflation and the overall economic stability.
In my opinion gold will remain its increasing trend in coming years. In some past years countries like china and india has increased their gold reserves strengthen their economy
On November 20, 2023, the gold rate in Pakistan for 24-karat gold was PKR 214,800 per tola and PKR 184,160 per 10 grams. These rates were consistent across major cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta.