Gold is one of the precious metals previously used and essential as currency. But, now many people purchase gold and consider it an investment. No matter, whether you buy and keep the gold jewelry or biscuits, they are best to have and to use at the time of needs.

If we talk about Pakistan, then here people also purchase gold when the rates go down and sell it when the gold prices reach the sky to earn profits.

But the gold rates in Pakistan fluctuate more rapidly, and most of the times the prices move upwards instead of going down.

But how the gold prices fluctuate and give profit and losses to the investors?

Pakistan Gold Rates 17 January 2019

Gold is a very precious metal that is widely considered a source of investment. No matter, whether you purchase and keep the gold bars, biscuits, coins, or jewelries, they are best to have for the time of needs.

The Gold rate for today for 24K Gold in Pakistan is Rs. 57,700.00 per 10 grams and the rate for 24K Gold per tola is Rs. 67,300.00.

On the other hand, 22K Gold price per 10 grams is Rs. 52,891.00, and 22K gold price per tola is Rs. 61,691.67.

The same gold prices are from different major cities of Pakistan including Karachi, Hyderabad, Lahore, Islamabad, Rawalpindi, Peshawar, Quetta, Multan, and Faisalabad.

The Silver rate in Pakistan for today is Rs. 754.45 per 10 grams.

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Last Updated: Wednesday 17, Jan, 2019 (Source: Karachi Saraf Jewellers Association)

The gold rates in Pakistan fluctuate more. In the last three months, the gold prices in Pakistan have increased by 8% that is quite high.

It is not easy for the lower middle-class people to purchase gold because of the higher prices. But those who can afford to buy gold as an investment are doing good and making money.

The bullion dealers in Pakistan set the gold rates by its universal standards. Also, these gold rates vary from city to city.

The gold rates in Pakistan have never remained stable, and most of the times, the prices have gone higher. The business sectors from which we are used to purchasing gold have very high monetary standards, and as a consequence, we are forced to pay higher amounts to purchase gold. Since 2010, the gold prices have hardly come to the lower costs.

After some days, we experience an increment in the gold rates in Pakistan. Sometimes the prices go lower but not enough to purchase easily. Those who buy gold as an investment are the happy people as they usually sell their gold on higher rates.

If you want to keep yourself updated related to the gold rates in Pakistan, then you can either see a converted rate that is calculated after converting from the international gold rates in different currencies or focus on the rates set by Karachi Saraf Jewelers Association for 22K and 24K gold per grams and tola.

Many websites show daily gold rates and updated regularly to show the correct gold rates for mainly 24K, 21K, 23K and 22K gold.

Factors that Influence the Gold Rates

You will think that how the gold rates move up and down or remain stable for some time? Then here is the answer.

Many factors influence gold prices, but we are targeting some of the common ones.

  • Currency fluctuations
  • Uncertainty
  • Economic growth
  • Inflation
  • Supply and demand

Currency Fluctuations

The rate of the gold is dollar dominated. And the dollar and gold rates are inversely proportional to each other. When U.S dollar goes down, the value of the other currencies goes up, and thus gold prices go higher. But when U.S. dollar flies, the value of the other currencies goes down, and therefore gold rates go down.

But the devaluation of the Pakistani currency is one of the main factors due to which gold rates go higher in Pakistan. When the value of the U.S. dollar increases against Pakistani rupees, gold rates get increased.


Political uncertainty or instability is another factor due to which gold rates go higher in Pakistan. We have seen many times that when political conditions in the country become rough, the gold rate goes to take the steps. But mainly it all depends on the condition of the stock market.

Economic Growth

Economic growth is another factor behind the increment and decrement of gold rates. Strong economic growth forces the gold rates to go down and weak economic growth forces the gold rates to go up. Good GDP growth, low unemployment, and good manufacturing data keep the gold prices low. But on the other hand, lousy GDP growth, high unemployment rates, and weak manufacturing data keep the costs high.


The inflation and the gold rates are directly proportional. When there is inflation, gold rates touch the skies. And when there is deflation, gold rates kiss the grounds.

Supply and Demand

You can say that supply and demand are also responsible for the gold rates fluctuation. If there is more supply but less demand, gold rates will definitely go lower. And if the demand is high but supply is on the declining side then gold will become hard for the normal buyers to buy.

Moreover, the flawlessness of the gold karats is also responsible for increasing or decreasing the gold rates in Pakistan.

How to Buy Gold?

How to Buy Gold

You can buy gold in various forms. You can buy it as a jewelry or coin. Also, you can buy gold in the form of bullion and bars.

Many people in Pakistan buy gold in the form of jewelry, but this is not considered as an investment purchase. But whatever type of gold you are buying, it is mandatory to make sure that the gold is real and not fake.

Before buying gold, keep in mind the purpose of purchasing it. Many women buy gold for personal enjoyment in the form of jewelry. But the resale value of jewelry is not good. Therefore, for an investment perspective, it is ideal to buy gold coins to sell them easily.

Many banks offer some ingot coins as an investment in gold. So you can easily contact those banks to purchase the gold coins.

Also, the gold bullion and gold bars are best for the investors. There are many dealers that can provide you bullion and bars. But it is essential to make sure that the dealer is trustable and selling pure gold instead of the fake one. You can ask your friends to know about the trustable dealers. Also, you can search on the internet for more correct and relevant information. Moreover, banks also sell gold bars so you can easily buy from them if you are looking for an investment in gold.

Hi readers and followers. I am Yabinda, age 25 from Pakistan. I love writing about everything. My experiences, my opinions, my likes and dislikes, everything. Follow me and get to know more about what I think about certain things. Email: [email protected]


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