Abbasi and Company - Today Gold Rate In Pakistan - Gold Price In Pakistan

Today, on Saturday, June 23th, 2023, the price of gold in Pakistan is as follows:

For 24K gold, the rate is Rs. 221,100 per tola.
For 22K gold, the rate is Rs. 202,215 per 10 grams.
For 21K gold, the rate is Rs. 199,239 per tola.
For 18K gold, the rate is Rs. 146,641 per 10 grams.

These rates are subject to change and may vary depending on the location and seller.

Why has the price of gold increased?

The price of gold has increased due to a number of factors, including:

The Russia-Ukraine war, which has caused uncertainty in the global markets and led to investors seeking out safe haven assets like gold.
Inflation, which has eroded the value of other assets, such as fiat currencies.
Rising demand for gold from India and China, two of the world's largest gold consumers.

What does the future hold for the price of gold?

It is difficult to say what the future holds for the price of gold. However, analysts believe that the price of gold is likely to remain high in the near future due to the factors mentioned above.

What is the difference between karats of gold?

Karat is a measure of the purity of gold. 24K gold is the purest form of gold, while 18K gold is 18 parts gold and 6 parts other metals. The lower the karat, the less pure the gold and the lower the price.

Why does the price of gold fluctuate?

The price of gold fluctuates due to a number of factors, including:

Supply and demand: The price of gold goes up when demand is high and supply is low.
Inflation: When inflation is high, the value of fiat currencies decreases, which makes gold more attractive as an investment.
Economic uncertainty: When there is economic uncertainty, investors often turn to gold as a safe haven asset.

How can I buy gold in Pakistan?

You can buy gold in Pakistan from a number of sources, including:

Jewellers: Jewellers are a common source for buying gold in Pakistan.
Banks: Some banks in Pakistan sell gold.
Online retailers: There are a number of online retailers that sell gold in Pakistan.

What are the benefits of investing in gold?

Gold is a valuable asset that has been used as a store of value for centuries. Gold is also a hedge against inflation and economic uncertainty. Additionally, gold can be used to create jewelry or other decorative items.

What are the risks of investing in gold?

The price of gold can fluctuate, so there is always the risk of losing money if you invest in gold. Additionally, gold is a physical asset, so it can be difficult to store and insure.