Gold rate in pakistan today 2022

Gold Prices

Pakistan is a net importer of gold, hence, a rise in international markets translates into an increase in prices in the domestic market.

All Sindh Saraf Jewellers Association (ASSJA) determines gold prices in Pakistan for local markets six days a week from Monday to Saturday. Apart from changes in international price, the rupee-dollar parity also impact local pricing.

In the wake of the havoc wreaked by the Covid-19 pandemic, many investors flocked to the safe haven asset which pushed gold prices to near a decade high in the world markets.

Gold is the king of all metals

Although there are myriads of precious metals in the world, gold is downright the most valuable.

Given its immense worth, gold is also considered a great investment option. Although most popular gold manufactures are in Peru, United States, Canada, Russia, Australia, and South Africa, it is the famous standard of money all across the world, including Pakistan.

In terms of regular use, gold is kept by a common man as a venture. Similarly, given the astoundingly high gold rates in Pakistan, it is kept by a regular Pakistani as something that could back them up if a monetary mishap takes place. It is also kept to acquire benefit and make extra money from it.

Contrary to what most people think, gold is not only accessible in the form of adornments, it can also be bought in bars and coins.

How many grams are there in 22k gold?

Ideally, gold is calculated on a fraction basis and usually, the purest gold is 22/24. This implies that gold is composed of 91.67% pure gold and the rest 8.33% is a metal alloy. To put it simply, if you have 10 grams of 22k gold, you are in possession of 9.1666 metal alloy as well.

What is the gold situation in Pakistan?

Given the beauty and the significant gold rate in Pakistan and all across the world, it has been used for several years in the country. A lot of women in Pakistan have been using it in their accessories and many business persons have used it as a viable investment.

The gold accumulated in IMF and London Bullion Market is constant determinants of its price in Pakistan. Besides the aforementioned international factors, the gold price also keeps fluctuating in the country because of various factors. The reason why the gold rate in Pakistan is increasing stems from the fact that the rupee’s worth is lower than other currencies and is constantly declining.

Gold Rate in Pakistan Today on 5 November 2022 is Rs. 151,500 per tola for 24-karat, while 22-karat of the precious metal is being sold at Rs. 138,875 per tola in the local bullion market.

This is the average Gold Price in Pakistan in the local bullion market for different cities across the country, including Karachi, Multan, Lahore, Faisalabad, Quetta, Hyderabad, Peshawar, Islamabad, Rawalpindi and more.

It is pertinent to mention that Gold Rates in Pakistan can slightly differ across the country with a few hundred to one or two thousand rupees difference on average across cities.

Furthermore, it must be noted that the Gold Price in Pakistan changes several times a day and the post is updated with the latest rates. The local prices are determined by keeping in view the prices in the international markets, PKR to USD exchange rate, and the demand and supply of the commodity in the local market.

Read more: Currency Exchange Rates in Pakistan [Daily Updates].

Gold Price in Pakistan Today

The Gold Rate in Pakistan for single tola is Rs. 151,500 and Rs. 138,875 for 24-karat and 22-karat on 5 November 2022 and this is the average price of the precious metal across the country with just slight variations of a few hundred to one or two thousand rupees difference across different cities.

These Gold Prices in Pakistan are taken from the Gold Market in Karachi or Multan and the mentioned rates change several times a day and the post is updated periodically throughout the day.

However, it is recommended that you check with your local gold dealer / jeweler to get the latest prices before making a purchase decision or buying the commodity.

The table below shows the breakdown of the Gold Price in Pakistan today on 5 November 2022:

Gold Rate in Pakistan Today [5 November 2022]

This is the Gold Price in Pakistan Today, including Karachi, Lahore, Islamabad, Peshawar, Faisalabad, Hyderabad, Rawalpindi, Quetta and Multan, The gold rates are similar throughout the different cities with only slight variations.

Read more: Dollar Rate in Pakistan – Daily Updates.

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