As of 23rd March 2023, the price of a single tola of 24-Carat gold in Pakistan was recorded at Rs 203800.
The gold market in Pakistan is primarily centered in Karachi, with other cities following the rates set by the Karachi Sarafa Bazar Association. Thus, the gold rates across major cities in Pakistan, including Karachi, Lahore, Islamabad, Peshawar, and Quetta, are typically the same.
As of the closing of trading on 23rd March 2023, the price of 10 grams of 24k gold was Rs 174730. Similarly, 10 grams of 22k gold were being traded for Rs 160168, and a single tola of 22-karat gold was being sold for Rs 186815.
According to the Saraf Jewelers Association, the current gold rate in Pakistan for 24k per tola is Rs 203800.
The prices of gold in Pakistan are based on the standards set by the London Bullion Market and sometimes by the IMF, as they hold sole authority in this regard.
Gold has always been considered the most precious and valuable metal, and its significance and importance cannot be understated. In Pakistan, gold is widely used for a variety of purposes, including gold jewellery. The gold rate in Pakistan is closely monitored by individuals who deal in gold-related businesses or wish to invest in the precious metal.