Gold Rate In Pakistan In Pakistan today 28 February 2023 gold rate is selling in Rs. 165724 per 10 grams, and the price of gold is Rs. 193300 per tola in Pakistan today.
Gold Rate In Pakistan Today
Karachi is the main center of gold market, in Pakistan, Karachi is the leader in gold price, every city follows Karachi Sarafa Bazaar Association for gold price, today Karachi, Lahore, Islamabad, Peshawar, and Quetta. Gold rates are same for different cities including
Gold Rate In Pakistan, 28 February 2023
| Gold Rate | 24K Gold Rate Today | 22K Gold Rate Today | 21K Gold Rate Today | 18K Gold Rate Today |
| Gold Rate per Tola Today | Rs 193,300 | Rs 177,191 | Rs 169,137 | Rs 144,975 |
| Gold Rate per 10 Gram Today | Rs 165,724 | Rs 151,913 | Rs 145,008 | Rs 124,293 |
| Gold Rate per Gram Today | Rs 16,572 | Rs 15,191 | Rs 14,501 | Rs 12,429 |
| Gold Rate per Ounce Today | Rs 469,820 | Rs 430,666 | Rs 411,092 | Rs 352,365 |
Gold is one of the most precious metals in the world, and it is a popular investment option due to its stability and long-term value. In Pakistan, gold is considered a symbol of wealth and prosperity, and it is commonly used as a form of savings and investment. If you’re looking to invest in gold, it’s essential to keep track of the daily gold rate in Pakistan to make informed decisions about your investment.
As of 28 February 2023, the gold rate in Pakistan is PKR 104,324 per tola (approximately 12 grams). This rate is up from the previous day’s rate of PKR 103,000 per tola. The gold rate in Pakistan is determined by several factors, including international market trends, local demand and supply, and fluctuations in the Pakistani rupee’s value against other currencies.
The international market plays a significant role in determining the gold rate in Pakistan. The price of gold is determined by the global supply and demand for the metal. The US dollar is the most widely used currency for trading gold, and fluctuations in the value of the dollar can affect the gold rate. Additionally, global economic and political events can impact the gold rate. For example, in times of economic uncertainty or political instability, investors may seek refuge in gold, which can cause the price to rise.
In Pakistan, the demand for gold is high, particularly during the wedding and festival seasons. Gold is commonly used for making jewelry and is also considered a traditional gift for weddings and other special occasions. The demand for gold can also be influenced by factors such as inflation and interest rates. When inflation is high, people tend to invest in gold as a hedge against rising prices. Similarly, when interest rates are low, people may choose to invest in gold instead of other financial products that offer lower returns.
The supply of gold in Pakistan is mainly sourced from imports, as there are limited gold reserves in the country. The import of gold is subject to government regulations and taxes, which can impact the gold rate. The Pakistani rupee’s value against other currencies also plays a role in determining the gold rate, as fluctuations in the exchange rate can impact the cost of imports.
Investing in gold can be a smart financial decision, particularly as a long-term investment strategy. Gold has historically maintained its value over time and can provide a hedge against inflation and other economic uncertainties. However, it’s important to keep in mind that investing in gold also carries risks. The price of gold can be volatile, and it can be affected by various economic and political events.
There are several ways to invest in gold in Pakistan, including buying physical gold, investing in gold ETFs (exchange-traded funds), and investing in gold futures. Buying physical gold, such as jewelry or coins, can be a good option for those who prefer a tangible asset. However, it’s essential to be aware of the risks associated with storing and transporting physical gold.
Investing in gold ETFs can be a more convenient option for those who prefer to invest in gold without the hassle of storing physical assets. ETFs are a type of investment fund that tracks the price of gold and can be traded like stocks. Investing in gold futures is another option, but it’s important to be aware that futures trading can be risky and may not be suitable for all investors.
In conclusion, the gold rate in Pakistan is an important indicator for those looking to invest in gold. The price of gold is influenced by several factors, including international market trends, local demand and supply, and fluctuations in the Pakistani rupee’s value against other currencies. While investing in gold can be a smart financial decision, it’s important to be aware of the risks involved and to consider various investment options before making any decisions.