The gold rate in Pakistan today, October 3, 2023, is Rs. 202,000 per tola for 24-karat gold. The gold rate for 22-karat gold is Rs. 185,167 per tola. These gold rates are taken from the bullion market in Karachi or Multan and are subject to change throughout the day.
Here is a breakdown of the gold rate in Pakistan today for October 3, 2023:
| Gold Rate | 24K Gold Rate Today | 22K Gold Rate Today |
|---|---|---|
| Per Tola Gold | Rs. 202,000 | Rs. 185,167 |
| Per 10 Grams | Rs. 173,182 | Rs. 158,751 |
| Per Gram Gold | Rs. 17,318 | Rs. 15,875 |
The gold rate in Pakistan is influenced by a number of factors, including:
- Global gold prices: The global gold price is the biggest factor that affects the gold rate in Pakistan. When global gold prices rise, the gold rate in Pakistan also rises.
- Pakistani rupee exchange rate: The Pakistani rupee exchange rate also affects the gold rate in Pakistan. When the Pakistani rupee depreciates against the US dollar, the gold rate in Pakistan rises. This is because gold is priced in US dollars, and a weaker rupee means that Pakistanis have to pay more for gold.
- Supply and demand: The supply and demand for gold in Pakistan also affects the gold rate. When the demand for gold is high, the gold rate rises. Conversely, when the supply of gold is high, the gold rate falls.
- Other factors: Other factors that can affect the gold rate in Pakistan include government policies, inflation, and political instability.
Gold as an investment
Gold is often seen as a safe investment, especially in times of economic uncertainty. Gold can also be a good hedge against inflation. However, it is important to note that gold prices can be volatile, and investing in gold can be risky.
If you are considering investing in gold, it is important to do your research and understand the risks involved. You should also consult with a financial advisor to determine if gold is the right investment for you.
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