Gold Rates In Pakistan Today, 15th May 2022 – Updated

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Today, on 15 May 2022, Gold Rates in Pakistan are being sold for Rs.114460 per 10 grams, and the price of Gold is Rs.133500 per tola in Pakistan today.

Gold Rates In Pakistan Today

Karachi is the main hub of the gold market; in Pakistan, Karachi is leading for the gold price, and every city follows Karachi Sarafa Bazar Association for the gold price; today, gold rates for different cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta are the same.
Today’s latest gold prices in Pakistan for 22 carats, 24 carats, 21 carats, and 18 carats are available.

Gold Rate In Pakistan, 15 May 2022

Gold Rate24K Gold22K Gold21K Gold18K Gold
per Tola GoldRs. 133500Rs. 122374Rs. 116813Rs. 100125
per 10 GramRs. 114460Rs. 104921Rs. 100153Rs. 85845
per Gram GoldRs. 11446Rs. 10492Rs. 10015Rs. 8585

Key Factors that Drive the Gold Price

Overall global demand for gold; derives the gold rate in Pakistan. The jewelry-making industry uses gold on a very large scale. In Asian communities, gold is considered wealth and transfers from one generation to the second generation.

The gold prices are increased if the global demand is increased. When interest rates are low, the gold rates go high because of the low opportunity cost of precious metals like gold.

At high inflation rates, creditors start losing money, so they are more inclined to buy or hold more gold. The fluctuation in the USD also drives the gold price and is directly linked if the USD goes up; the gold price also sees hikes.

Check the latest Gold prices updated on Tech Virg news’s website. The standards of gold rates are accumulated in London Bullion Market and sometimes by IMF as they have the sole authority.

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