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 is one of the most trusted assets in Pakistan, and Multan is no exception. People in Multan frequently invest in gold either for personal use or as a safe investment. The gold rate in Multan fluctuates based on international market trends, local demand, and currency exchange rates.
If you’re planning to buy or sell gold in Multan, staying updated with the latest rates is essential. Below is a detailed breakdown of today’s gold price in Multan across different purities and weights.
Understanding Gold Rates in Multan
Gold prices in Multan, like other cities, are influenced by multiple factors:
- International Market Trends: Changes in global gold prices largely dictate the local rates in Multan.
- Currency Exchange Rates: Fluctuations in the Pakistani Rupee (PKR) against major currencies also impact gold prices.
- Local Demand: Increased demand during wedding seasons or festivals often drives prices higher.
- Inflation: Rising inflation rates can also push up gold prices as investors seek to hedge against currency devaluation.
Gold Rate Comparison in Multan
For a better understanding of how prices fluctuate, here’s a comparison of gold rates in Multan over recent days:
| Date | 24K Gold per Tola (PKR) | 24K Gold per 10 Grams (PKR) |
|---|---|---|
| 08 Oct 2024 | Rs. 276,000 | Rs. 236,626 |
| 07 Oct 2024 | Rs. 276,250 | Rs. 236,880 |
| 06 Oct 2024 | Rs. 275,890 | Rs. 236,600 |
| 05 Oct 2024 | Rs. 275,750 | Rs. 236,450 |
| 04 Oct 2024 | Rs. 277,050 | Rs. 237,570 |
As you can see, the gold rate in Multan fluctuates slightly each day, reflecting both international and domestic market activity.
Gold Investment in Multan
Gold is not just a commodity for jewelry; it’s also a reliable investment for many in Multan. Here’s why investing in gold can be beneficial:
- Safe Haven: Gold maintains its value during economic uncertainty, making it a great hedge against inflation and currency depreciation.
- Liquidity: Gold can easily be converted back into cash, making it a highly liquid asset.
- Cultural Significance: In Pakistan, gold symbolizes wealth and status, often purchased during weddings and festivals.
Whether you’re looking to buy gold for personal use or to make an investment, it’s important to keep track of the latest gold rates in the city.
Factors Affecting Gold Prices in Multan
The gold price in Multan is influenced by various factors, including:
- International Gold Rates: When global gold prices rise or fall, it impacts the local market.
- Local Taxes and Duties: Import duties and local taxes can increase the cost of gold.
- Currency Exchange Rate: A weak Pakistani Rupee against the US Dollar can push gold prices higher.
- Seasonal Demand: During the wedding season or festive periods, demand surges, often driving prices up.