HomeLatestGold Rate Today in Pakistan: Update for August 23, 2024

Gold Rate Today in Pakistan: Update for August 23, 2024

As of August 23, 2024, the gold market in Pakistan is witnessing significant movements. The rate for 24 karat gold stands at PKR 261,450 per tola, while 22 karat gold is priced at PKR 239,665 per 10 grams. These figures are sourced directly from the Sarafa Jewelers Association and align with trends in the International Gold Market.

Gold Price Table: Purity Breakdown

Gold PurityPer Tola (PKR)Per 10 Gram (PKR)
24KRs. 261,450Rs. 224,160
22KRs. 239,665Rs. 205,479
21KRs. 228,773Rs. 196,141
20KRs. 217,935Rs. 186,848
18KRs. 196,091Rs. 168,120
14KRs. 152,521Rs. 130,765
12KRs. 152,521Rs. 112,080

Gold Rates Across Major Cities

The gold rates across Pakistan’s major cities remain consistent today. Here’s a snapshot:

CityGold 24K per Tola (PKR)Gold 22K per Tola (PKR)
KarachiRs. 261,450Rs. 239,665
IslamabadRs. 261,450Rs. 239,665
LahoreRs. 261,450Rs. 239,665
MultanRs. 261,450Rs. 239,665
PeshawarRs. 261,450Rs. 239,665

Market Analysis of Gold Price

Gold Prices on the Rise

The recent uptick in gold prices is a cause for concern among investors and consumers. With 24K gold reaching PKR 261,450 per tola, the market is showing signs of sustained growth, driven by a combination of global economic uncertainties and local demand pressures. This rise in prices is expected to continue, impacting both investment strategies and consumer purchasing power.

Gold rate-today price

The International Perspective

Globally, 24K gold is trading at $ $2,270.32 per ounce, influencing local rates across Pakistan. The international market’s movements are critical in determining how local prices fluctuate, and with global economic tensions, further price increases are anticipated.

While today’s rates are uniform across major cities, it is crucial to recognize that regional disparities can occur due to factors like local taxes and transportation costs. Keeping an eye on these differences can help consumers make more informed purchasing decisions.

END NOTE

In today’s volatile market, staying updated on gold prices is more important than ever. With 24 karat gold at PKR 259,700 per tola, understanding the factors driving these prices will be crucial for both investors and consumers alike. Regular monitoring and a strategic approach to buying and selling can help understand this challenging market trends.

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