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8th of May 2023 Gold Rate | Gold Rate Today Karachi Here you ll get Daily updates of Gold Prices of All major cities of Pakistan 8th of May 2023 SARAFA MARKET
Latest Gold Rate on Monday 8th of May 2023 in Pakistan
Today’s Gold Rate in Pakistan: Gold Price updated on Monday 8th of May 2023 discern Gold Rate in Pakistan
Gold Price Today In Major Cities Of Pakistan
| CITY | GOLD 24K PER TOLA | GOLD 22K PER TOLA |
|---|---|---|
| Karachi | Rs. 225,000 | Rs. 206303 |
| Islamabad | Rs. 225,000 | Rs. 206303 |
| Lahore | Rs. 225,000 | Rs. 206303 |
| Multan | Rs. 225,000 | Rs. 206303 |
| Peshawar | Rs. 225,000 | Rs. 206303 |
Gold Rate In Pakistan For Last 10 Days
| DATE | GOLD 24K PER TOLA | GOLD 22K PER 10 GRAM |
|---|---|---|
| May 08, 23 | Rs. 225000 | Rs. 176826 |
| May 07, 23 | Rs. 225000 | Rs. 176826 |
| May 06, 23 | Rs. 225200 | Rs. 176983 |
| May 05, 23 | Rs. 226500 | Rs. 178005 |
| May 04, 23 | Rs. 223000 | Rs. 175254 |
| May 03, 23 | Rs. 221200 | Rs. 173840 |
| May 02, 23 | Rs. 221000 | Rs. 173683 |
| May 01, 23 | Rs. 219500 | Rs. 172504 |
| Apr 30, 23 | Rs. 219500 | Rs. 172504 |
| Apr 29, 23 | Rs. 218800 | Rs. 172111 |
Latest Gold Price in Pakistan
Gold is a word synonym for something pure, exquisite, and expensive. Gold is widely used as jewellery in our subcontinent culture, and its demand rises during wedding seasons. If you are planning to make Gold jewellery, find the latest Gold rates in Pakistan Today by its purity, either 18, 20, 22, or 24 carats.
Gold rates may differ from city to city depending on a variety of factors such as demand, interest rates, state taxes, gold traders, bullion associations, transportation costs, fabricating charges, and so on. Gold is a popular investment tool all over the world, particularly in Pakistan.
Why gold rate is increasing in Pakistan?
There are several factors contributing to the increase in gold rates in Pakistan. One of the main reasons is the depreciation of the Pakistani rupee against the US dollar, which has made it more expensive to import gold from international markets. This has caused the local price of gold to increase.
In addition to currency fluctuations, political and economic uncertainty in Pakistan has also played a role. Investors tend to turn to gold as a safe-haven asset during times of instability, which has led to increased demand and further driven up prices.
Moreover, the global economic situation has also contributed to the rise in gold rates. In times of economic uncertainty, gold is often seen as a stable investment, and global demand has increased as a result. This has led to a decrease in supply, and prices have risen accordingly.
What Is The Price Of 1 Tola Gold In Pakistan Today?
Today gold price in Pakistan per tola is Rs. 225,000 as latest updated rate on 08 May, 2023.
What Is The Price Of 1 Gram 24K Gold In Pakistan?
Today price of 1 gram 24K Gold in Pakistan is 17683.
What Is The Price Of Gold 24K Today?
24K Gold price today in Pakistan is Rs. 192,901 per 10 grams.
How Much 22 Carat Gold In Pakistan?
22 carat Gold rate in Pakistan is 206303.
How Many Grams In 22k Gold?
The gold price is usually calculated on a fraction basis and for 22 Karat gold it is 22/24. However, the 22k gold possesses 8.33% alloy metal and 91.67% gold. So, a 22K 10gm gold bar has 9.1666 grams gold in the alloy.
How Much Is A Tola?
The measurement of tola varies in different countries. However, Gold rate in Pakistan one tola is equal to 11.66 grams.
Gold in Pakistan
In 24 Carat Gold rate in Pakistan Today Gold price is Rs. 225,000 of 1 tola on 08 May, 2023. The Gold is widely used in Pakistan from several years, many women in Pakistan is likely to used gold as their accessories while other will used it as a viable source of investment. However, if we had talked abou gold price so the price of gold is accumulated in London Bullion Market and sometimes by IMF, they had the sole authority to set the gold standards and its price.
Apart from that, the rate of gold is not fixed and it is fluctuating from time to time because several factors depend upon it. In Pakistan the Gold Rate in Pakistan is always at higher level because Pakistani Rupees is always considered as low currency as compared with other world currencies. Likewise, if we look at Gold Price Pakistan History so Pakistan has never stable rate and the fact is so oblivious Pakistan has faced serious economic crisis and sever inflation.
Gold Price Factors
Presently will impact on the gold rate today in Pakistan and other global markets due to following factors.
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