Today, as we navigate the bustling world of gold, the spotlight is on Pakistan’s current gold prices as of December 14, 2023. The allure of gold extends beyond its shine; it’s a reflection of economic dynamics, both global and local.
Gold Price Overview
As of the mentioned date, the gold price in Pakistan stands at Rs. 216,900 per tola. This figure is a testament to the intricacies of the market, influenced by factors such as the dollar rate and the economic stability of Pakistan.
Source and Frequency of Changes
The primary source shaping these prices is the Karachi Gold Market. Here, the gold rates undergo daily adjustments, responding to the ever-shifting global economic landscape. This daily dance is not arbitrary; it’s a response to external influences, primarily the dollar rate and Pakistan’s economic stability.
Gold Rates for Different Karats
Breaking down the rates for various gold types, we find:
| Gold Type | Rate per Gram | Rate per 10 Grams | Rate per Tola | Rate per Troy Ounce | Rate per Kilogram |
|---|---|---|---|---|---|
| 24K Gold | Rs. 18,596 | Rs. 185,957 | Rs. 216,900 | Rs. 578,390 | Rs. 18,595,679 |
| 22K Gold | Rs. 17,001 | Rs. 170,014 | Rs. 198,304 | Rs. 528,803 | Rs. 17,001,399 |
| 21K Gold | Rs. 16,204 | Rs. 162,043 | Rs. 189,006 | Rs. 504,009 | Rs. 16,204,259 |
| 18K Gold | Rs. 13,813 | Rs. 138,128 | Rs. 161,113 | Rs. 429,627 | Rs. 13,812,840 |
City-wise Consistency
What’s noteworthy is the uniformity across major cities in Pakistan. Whether you’re in Karachi, Hyderabad, Lahore, Multan, Islamabad, Faisalabad, Rawalpindi, or Quetta, the gold rates remain consistent. For 24K gold, it’s Rs. 216,900, and for 22K, it’s Rs. 198,304.
Factors Influencing Gold Prices
The gold market is not a secluded entity; it’s intricately linked to global and local factors. The dollar rate plays a pivotal role, with changes directly impacting gold prices. Similarly, the economic stability of Pakistan contributes to the ebb and flow of these rates.
Understanding Gold Karats
Gold is not a one-size-fits-all commodity. The different karats – 24K, 22K, 21K, and 18K – signify varying levels of purity. This purity, in turn, affects the prices. Higher karats indicate higher purity and, consequently, higher prices.
Conclusion
In the dynamic landscape of gold prices, knowledge is power. As we conclude this brief journey through the current gold scenario in Pakistan, it’s imperative to recognize that these figures are not just numbers; they are indicators of economic nuances. Stay informed, stay empowered.
