The latest figures show that the gold price in Pakistan 24 karat stands at approximately PKR 431,000. (UrduPoint)
For 22-karat gold, the rate has been recorded at around PKR 395,000 per tola. (UrduPoint)
In terms of 10 grams, 24K gold is priced at roughly PKR 369,520, while 22K rounds out near PKR 338,724. (UrduPoint)
What’s Driving the Gold prices in Pakistan?
Multiple factors contribute to fluctuations in gold prices in Pakistan. Firstly, international gold spot rates and global demand affect local pricing. (Live Price of Gold)
Secondly, the strength or weakness of the Pakistani Rupee plays a role: when the rupee weakens, gold becomes costlier in local terms.
Thirdly, domestic demand from weddings, festivals and investment cycles can push the price up or down — especially for jewellery markets. (Hamariweb.com)
Lastly, import duties, taxes and local market spreads add layers on top of global base prices. (Hamariweb.com)
Regional Variation
Although national average rates are given, local variations exist. For instance, in Lahore the 24K price per tola was quoted at PKR 444,050 on 25 October. (Gold.pk)
Buyers and sellers should monitor:
- Daily rate changes, since gold can move quickly.
- Purity differences (24K vs 22K vs 21K) because each carries a different rate.
- Weight measures (per tola, per 10 grams, per gram) for clarity before purchase.
- International cues such as US dollar strength, inflation trends, and geopolitical risk because they often lead the domestic market.
Should You Buy Now?
If you are considering buying gold in Pakistan:
- Because gold is currently priced high, delay could make sense if rates dip.
- However, if you view gold as a long-term hedge (against inflation or currency weakening), holding could be justified.
- Always buy from verifiable jewellers or bullion dealers, ensure purity certificates, and compare weights and costs.
- Consider alternatives: gold jewellery carries design and workmanship costs, whereas bullion might offer a purer investment.
Conclusion
In summary, gold rates in Pakistan are currently elevated but reflect global trends, currency pressures and domestic demand. Keeping an eye on the 24K and 22K rates, weight measures and local dealer premiums is wise. For those investing for the long-term, gold remains a popular option — though timing purchases when rates ease can improve value.
