Gold Price in PKR Converter
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Current Gold Prices
| Purity | Per Tola | Per 10 Gram |
|---|---|---|
| 24K | Rs. 274,000 | Rs. 234,911 |
| 22K | Rs. 251,231 | Rs. 215,336 |
| 21K | Rs. 239,812 | Rs. 205,548 |
| 20K | Rs. 228,392 | Rs. 195,760 |
| 18K | Rs. 205,553 | Rs. 176,184 |
International Gold Rates
Gold 24K Ounce: $ 2,336
Gold holds a special significance in Lahore, as it does throughout Pakistan, both for investment purposes and for its cultural importance in weddings and other celebrations. The gold rate in Lahore fluctuates frequently, and it’s driven by factors such as international market trends, currency exchange rates, and local demand. Staying updated with the latest prices is crucial for anyone looking to buy or sell gold in Lahore.
Gold Price Trends in Lahore
Gold prices in Lahore are influenced by a variety of factors, including:
- Global Gold Prices: International gold prices, which are often influenced by geopolitical events, economic data, and investor sentiment, have a direct impact on the gold rate in Lahore.
- Currency Fluctuations: The strength of the Pakistani Rupee (PKR) against major currencies like the US Dollar can also affect the local gold price.
- Local Demand: During wedding seasons or festive periods, local demand for gold increases, which can temporarily drive up prices in Lahore.
Historical Performance of Gold in Lahore
Over the past year, gold prices in Lahore have shown significant changes. Here is an overview of the historical performance:
- Yesterday’s Price Change: Decreased by Rs. 2,200 (-0.8%)
- Last Month’s Change: Increased by Rs. 8,970 (+3.39%)
- Last Year’s Change: Increased by Rs. 78,190 (+39.94%)
These fluctuations reflect the dynamic nature of the gold market, making it essential for buyers and investors to regularly monitor prices.
Why Gold Prices in Lahore Fluctuate
Gold prices in Lahore are subject to various influences:
- International Gold Market: Global supply and demand dynamics, interest rates, and inflation rates affect international gold prices, which in turn influence the gold price in Lahore.
- Local Market Conditions: The demand for gold in Lahore, especially during wedding seasons, can create temporary price surges.
- Government Policies: Import duties, taxes, and other policies related to gold trade can also impact the local price of gold in Lahore.
Conclusion
The gold rate in Lahore is a crucial factor for anyone looking to buy or sell gold in the city. With frequent fluctuations based on international market trends, local demand, and currency exchange rates, it’s important to regularly check the latest prices. Whether you’re investing in 24K pure gold or looking to purchase 22K or 21K gold jewelry, staying informed about the latest rates will help you make the best decision.