Gold is a valuable commodity and a popular investment option in Pakistan. Its price fluctuates daily, influenced by various factors such as international market trends, economic conditions, and geopolitical events.
Today Gold Rate In Pakistan Today 1 November 2024
As of November 1, 2024, the price of gold in Pakistan is as follows:
| Gold Type | Price per Tola (PKR) | Price per 10 Grams (PKR) |
|---|---|---|
| 24K Gold | 215,000 | 184,000 |
| 22K Gold | 198,000 | 169,000 |
Factors Affecting Gold Prices in Pakistan
Several factors can influence the price of gold in Pakistan:
- International Gold Prices: The global demand and supply of gold, as well as the US dollar exchange rate, significantly impact domestic gold prices.
- Economic Conditions: Economic indicators like inflation, interest rates, and GDP growth can affect gold’s value as a hedge against inflation.
- Geopolitical Events: Political instability, wars, and natural disasters can lead to increased demand for gold as a safe-haven asset.
- Currency Exchange Rates: Fluctuations in the exchange rate between the US dollar and the Pakistani rupee can affect the price of gold, which is often denominated in US dollars.
How to Stay Updated on Gold Prices
To stay informed about the latest gold prices in Pakistan, you can:
- Check with Local Jewelers: Visit your local jewelry store to get the most accurate and up-to-date prices.
- Consult Online Platforms: Many websites and apps provide real-time gold price updates.
- Follow Financial News: Keep an eye on financial news channels and websites for gold price analysis and forecasts.
Important Note:
Gold prices can fluctuate throughout the day. It’s advisable to verify the latest rates before making any gold-related transactions.
