The current rate for a single tola of 24-Carat gold in Pakistan on Friday is Rs 203500.
Karachi, being the main hub of the gold market, sets the standard for the gold price in Pakistan, with every other city following the Karachi Sarafa Bazar Association’s gold price. The gold rates for different cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta are the same.
The closing trading price for 10 grams of 24k gold is Rs 174470, while 10 grams of 22k gold is being traded for Rs 159930, and a single tola of 22-karat gold is being sold at Rs 186540.
As per the Saraf Jewelers Association, the current gold price in Pakistan for 24k per tola is Rs 203500 on 17th March 2023.
The gold rates standards are established in London Bullion Market and sometimes by the IMF, as they have the sole authority.
Gold is widely considered to be the most precious and valuable metal among all metals. Gold is widely used in Pakistan for a variety of purposes, including gold jewellery. Its significance and importance cannot be neglected.