Gold rate in Pakistan today-12 March 2024

On Tuesday March 12, 2024, the 24-karat gold rate was PKR 226,000. Similarly, the bullion market recorded the gold price for 24-karat at Rs 193,760 per 10g.On March 12, 2024, 24-karat gold in Karachi was Rs PKR 226,000. Additionally, the bullion market recorded the price of 10g of 24-karat gold at Rs 193,760.

کراچی — پیر،12 مارچ، 2024 کو، 24 قیراط سونے کی قیمت PKR 226,000 تھی۔ اسی طرح بلین مارکیٹ میں 24 قیراط سونے کی قیمت 193,760 روپے فی 10 گرام ریکارڈ کی گئی۔.12 مارچ 2024 کو کراچی میں 24 قیراط سونا 226,000 روپے تھا۔ مزید برآں، بلین مارکیٹ میں 10 گرام 24 قیراط سونے کی قیمت 193,760 روپے ریکارڈ کی گئی

Impact on Economy and Investment

The gold rate in Pakistan holds significant implications for the economy and investment landscape. Gold is often viewed as a haven investment, particularly during times of economic uncertainty. Fluctuations in the gold rate can affect consumer confidence, investor portfolios, and even government policies

Gold Rate in Lahore

The current price of gold in Lahore as of 11 Mar 2024, according to the Lahore Jewelers Association, is Rs. 192647.3 per 10 grams and Rs. 242,075 per tola

Gold Rate in Islamabad

As of March 12, 2024, the gold rate in Islamabad for 24K gold is Rs. 226,546 Pakistani rupees for 1 tola and Rs. 19,424,620 Pakistani rupees for 10 grams. 

Gold Rate in Karachi

Gold Rate in Karachi, 22K gold is available at Rs. 17343 per gram, and the 21-carat gold price is 16556.  The current Gold Rate in Karachi is Rs. 220700 as per the Karachi Gold Market and the per gram gold rate in Karachi is Rs. 18921.

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Factors Influencing the Gold Rate in Pakistan

The gold rate in Pakistan is influenced by a myriad of factors, both domestic and international. International gold prices play a significant role, as Pakistan, like many other countries, imports a substantial portion of its gold. Additionally, fluctuations in currency exchange rates can directly impact the local gold rate. Economic stability, both globally and domestically, also plays a crucial role in determining investor sentiment towards gold.

Pakistan’s Gold Market Supply and Demand

The combination of supply and demand forces shape the dynamics of the gold market in Pakistan. Seasonal patterns, speculation in the market, and cultural preferences all influence the general dynamics of the gold market.