Today, on May 9th, 2023, the price of one tola (11.66 grams) of 24-carat gold in Karachi, Pakistan is being sold for Rs. 227,800. Karachi is the leading hub of the gold market in Pakistan, and other cities follow the Karachi Sarafa Bazar Association for the gold price. Today, the gold rates for different cities including Lahore, Islamabad, Peshawar, and Quetta are the same as Karachi.
The closing price of 10 grams of 24k gold is Rs. 195,310 in Karachi, while 10 grams of 22k gold is being traded for Rs. 179,033. Additionally, a single tola of 22-karat gold is being sold at Rs. 208,815.
Here are the gold prices in different cities of Pakistan as of today:
CITY Gold Silver Karachi PKR 227,800 PKR 2,705 Lahore PKR 227,800 PKR 2,705 Islamabad PKR 227,800 PKR 2,705 Peshawar PKR 227,800 PKR 2,705 Quetta PKR 227,800 PKR 2,705 Sialkot PKR 227,800 PKR 2,705 Hyderabad PKR 227,800 PKR 2,705 Faisalabad PKR 227,800 PKR 2,705
It is important to note that the standards of gold rates are accumulated in the London Bullion Market and sometimes by the IMF as they have sole authority. Gold is considered to be the most precious and valuable metal among all metals, and it is widely used in Pakistan for a variety of purposes, including gold jewelry. It is essential to keep in mind that the gold price in Pakistan fluctuates according to the international market, so the price is never fixed.