Latest Gold Rates in Pakistan – March 2024 [Updated Guide]

Have you been keeping an eye on the current gold rates in Pakistan? If you haven’t, now is a great time to check out the latest trends. Gold has always been a popular investment choice in Pakistan, with many people considering it a safe and reliable store of value. The price of gold in Pakistan fluctuates on a daily basis, with many factors influencing the market, such as global demand, currency fluctuations, and geopolitical tensions. Whether you’re a seasoned investor or just starting out, staying informed about the latest gold rates in Pakistan can help you make informed decisions about your investments. So, let’s dive in and see what the current gold rates are!

Gold Rate in Pakistan – Tuesday 28 Mar, 2024

According to the latest market trends, the 24K gold rate per tola in Pakistan is 229,716.164, while the 22K, 21K, and 18K gold rates per tola are 210,573.151, 201,001.644, and 172,287.123, respectively. If you’re looking to invest in smaller quantities, you’ll be happy to know that the gold rates per 10 grams for 24K, 22K, 21K gold are 196,893.944, 180,486.115, 172,282.201, and 147,670.458, respectively. And if you prefer to calculate the rates per gram, the current gold rates in Pakistan are 19,689.394 for 24K, 18,048.612 for 22K, 17,228.220 for 21K, and 14,767.046 for 18K.

Finally, for those interested in the gold rates per ounce, the rates are 558,210.279 for 24K, 511,692.756 for 22K, 488,433.994 for 21K, and 418,657.710 for 18K. Remember, these gold rates in Pakistan are subject to change due to various factors, so it’s important to keep an eye on the market trends if you’re considering investing in gold.

How many grams are there in one Tola Gold?

In Pakistan, one tola of gold is equal to 11.66 grams. It is a traditional unit of measurement for gold in South Asia, and is still widely used in Pakistan, India, and other neighboring countries. So, if you see the gold rates quoted in tola in Pakistan, you can easily convert them to grams by multiplying the tola rate by 11.66.

How many Tolas are there in one ounce of Gold?

There are 0.375 troy ounces in one tola of gold. Therefore, there are approximately 2.666 tolas in one ounce of gold (which is equal to 31.1034768 grams). Please note that this conversion may vary slightly depending on the exact weight measurement used for one tola and one ounce of gold, as there are different standards and units of measurement used in different parts of the world.

How many grams are there in one ounce of Gold?

There are approximately 31.1034768 grams in one ounce of gold. This is the standard unit of measurement for gold and is recognized globally. Gold prices are typically quoted in ounces, so it’s important to keep this conversion in mind if you’re planning to buy or sell gold.

Exploring the Factors that Drive Gold Price Fluctuations

There are many factors that can cause fluctuations in gold prices. Here are some of the most common ones:

1. Global Economic Conditions: Gold is often seen as a safe haven asset, particularly in times of economic uncertainty. When global economic conditions are unstable, investors may flock to gold as a hedge against inflation and currency fluctuations, which can drive up demand and prices.
2. Interest Rates: Interest rates and gold prices are often inversely related. When interest rates are high, investors may prefer to hold onto assets that generate interest, rather than gold, which doesn’t provide any yield. As a result, gold prices may decrease. Conversely, when interest rates are low, investors may be more likely to invest in gold, which can drive up prices.
3. Currency Fluctuations: Since gold is priced in US dollars, fluctuations in the exchange rate between the US dollar and other currencies can impact gold prices. When the US dollar weakens, gold prices may rise, as it becomes relatively cheaper for investors in other currencies to buy gold.
4. Supply and Demand: As with any commodity, supply and demand factors can impact gold prices. When demand for gold exceeds supply, prices may rise, while oversupply can cause prices to fall.
5. Geopolitical Tensions: Political tensions, conflicts, and other geopolitical events can impact gold prices. When global tensions rise, investors may view gold as a safe haven, which can drive up demand and prices.

These are just some of the many factors that can cause fluctuations in gold prices. It’s important to stay up-to-date on the latest economic and geopolitical developments if you’re planning to invest in gold.