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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 Rate||24K Gold||22K Gold||21K Gold||18K Gold|
|per Tola Gold||Rs. 133500||Rs. 122374||Rs. 116813||Rs. 100125|
|per 10 Gram||Rs. 114460||Rs. 104921||Rs. 100153||Rs. 85845|
|per Gram Gold||Rs. 11446||Rs. 10492||Rs. 10015||Rs. 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.