As the world’s leading investment manager and financial market journalist, I bring you the latest updates on gold prices in Pakistan. Today, gold prices have experienced a slight decline, according to data compiled by FXStreet.
The current price for gold is 22,514.53 Pakistani Rupees (PKR) per gram, down from the previous day’s price of PKR 22,558.78. Additionally, the price for gold per tola has decreased to PKR 262,609.20 from PKR 263,121.20.
| Unit measure | Gold Price in PKR |
|---|---|
| 1 Gram | 22,514.53 |
| 10 Grams | 225,144.40 |
| Tola | 262,609.20 |
| Troy Ounce | 700,272.20 |
FXStreet calculates gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on market rates at the time of publication, and may vary slightly from local rates.
Gold FAQs
Gold has a rich history and is widely recognized as a store of value and a safe-haven asset. It is often used as a hedge against inflation and depreciating currencies, making it a popular investment choice during turbulent times.
Central banks are major holders of gold, as it helps support currencies and improves economic strength. In 2022, central banks added a record amount of gold to their reserves, signaling a growing trend among emerging economies like China, India, and Turkey.
Gold has an inverse correlation with the US dollar and US treasuries, making it an attractive option for diversifying assets during market uncertainties. Factors like geopolitical instability and interest rates can also impact gold prices, with the US dollar playing a significant role in price movements.
Overall, understanding gold prices and their relationship to various economic factors can help investors make informed decisions and protect their wealth during volatile times.
(An automation tool was used in creating this post.)