Pakistan, a country known for its rich cultural heritage and diverse economic landscape, finds itself heavily reliant on imported gold. This dependency on external sources has a direct impact on the domestic gold market.
Gold rates in Pakistan today
As international markets witness fluctuations in gold prices, Pakistan experiences a corresponding shift in its local market. The All Sindh Saraf Jewellers Association (ASSJA) plays a pivotal role in determining gold prices within the nation, diligently recalibrating them six days a week.
The intricate relationship between international and domestic gold prices is further entwined with the rupee-dollar exchange rate. A delicate balance is struck as these factors collectively influence the cost of gold for consumers in Pakistan.
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The gold rates in Pakistan stand as a testament to this intricate interplay, with 24K gold priced at Rs.280,900 per tola, and 22K gold at Rs.257,491.
| Gold Type | Unit | 24K Gold Price | 22K Gold Price |
|---|---|---|---|
| Per Tola | Rs. | 280,900 | 257,491 |
| Per 10 Grams | Rs. | 240,830 | 220,760 |
| Per Gram | Rs. | 24,083 | 22,076 |
Pakistan’s status as a net importer of gold underscores the symbiotic connection between global trends and local pricing. This relationship exemplifies how economic dynamics on a global scale can resonate within the borders of a nation, shaping its economic landscape and impacting the lives of its citizens.
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