Gold has always been a symbol of wealth and prosperity, and its allure remains unceasing. In Pakistan, where gold holds a special place in the hearts of the people, keeping track of its price is of paramount importance. As of 7 September 2023, the gold rates in Pakistan have been closely monitored, with variations observed in different cities across the country.
The Gold Rates in Pakistan on 7 September 2023
On this day, the gold rate in Pakistan for 24 Karat gold stands at Rs. 222,400 per tola. For those interested in purchasing 10 grams of 24 Karat gold, the price is Rs. 190,680. It’s important to note that these prices are based on data collected from various sources in the local bullion markets, particularly in cities like Karachi and Multan.
Variations in Gold Rates
One interesting aspect of the gold market in Pakistan is the city-wise price variations. While the overall gold price remains relatively consistent, fluctuations of a few hundred rupees can be observed in different cities across the country. This phenomenon is primarily attributed to local demand and supply dynamics, as well as transportation and taxation factors.
Understanding 22 Karat Gold Rates
For those interested in 22 Karat gold, the rate per gram in Pakistan on 7 September 2023 is Rs. 17,479, and the price for a single tola of 22 Karat gold is Rs. 203,865. The difference in rates between 24 Karat and 22 Karat gold indicates the varying preferences of consumers, with some favoring the purity of 24 Karat gold, while others opt for the slightly more affordable 22 Karat option.
Daily and Hourly Fluctuations
It’s crucial to keep in mind that gold prices in Pakistan are anything but static. They undergo daily and sometimes even hourly fluctuations. This dynamic nature of the gold market is influenced by global economic conditions, geopolitical events, and changes in supply and demand. As such, it’s advisable for those interested in buying or selling gold to stay updated with the latest rates to make informed decisions.
Gold Rate in Pakistan 7 September 2023
| Weight | 22K Gold | 24K Gold |
|---|---|---|
| Per Gram Gold | Rs. 17479 | Rs. 19068 |
| Per Tola Gold | Rs. 203865 | Rs. 222400 |
| Per Ounce Gold | Rs. 495519 | Rs. 540570 |