Gold Price Today

Gold Rate in Pakistan Today – 18 October 2021

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Gold Rate In Pakistan

 

Today’s Gold Rate in Pakistan

According to the Karachi Sarafa Association, Today’s 24 Karats gold rate in Pakistan Per Tola is Rs. 113,300. Furthermore, 22 Karats and 10-grams Gold Price in Pakistan is Rs. 89,008 while 24 Karat and 10-grams gold price in Pakistan is Rs.  97,100. Fluctuations in the Gold prices of different cities may occur. 

Here is the Table for Today’s city-wise Gold rates of 24K and 22K per tola and 10 grams. 

 

City, Area or Location

Gold rate 24K (10 grams)

Gold rate 24K per Tola

Gold rate 22K (10 grams)

Today’s Gold Rate in Karachi

Rs. 97,100

Rs. 113,300

Rs. 89,008

Today’s Gold Rate in Islamabad

Rs. 97,100

Rs. 113,300

Rs. 89,008

Today’s Gold Rate in Lahore

Rs. 97,100

Rs. 113,300

Rs. 89,008

Today’s Gold Rate in Multan

Rs. 97,100

Rs. 113,300

Rs. 89,008

Today’s Gold Rate in Quetta

Rs  97,100

Rs. 113,300

Rs. 89,008

Today’s Gold Rate in Rawalpindi

Rs. 97,100

Rs. 113,300

Rs. 89,008

Today’s Gold Rate in Peshawar

Rs. 97,100

Rs. 113,300

Rs. 89,008

 Introduction to Gold

Gold is chemically a transition metal noted by the symbol “AU’ with an Atomic Number of 79. The Natural Color of Gold is slightly reddish-yellow. Gold is mainly found in rocks and seas. It occurs in the form of granules, nuggets, and alluvial deposits. Traces of Gold are then combined to form molded structures. 

Gold Mining and Extraction

As we know, Gold is not available as a free element in Rocks; it is present in ores of rock. Although we can not extract Gold in simple ways, mechanical methods are there for gold extraction, resulting in easy and efficient extracting Gold from its source. Gold extraction is the technique or set of techniques needed to extract Gold from its ores. After extraction of Gold by employing different extraction techniques, Gold is molded into gold bars, gold coins, or sold as Jewelry. 

Uses and Importance of Gold

Gold Jewellery items like Gold Chains, Gold earrings, Gold Bracelets, and Gold bangles are trendy in Pakistan, India, Afghanistan, Bangladesh, and Nepal. In these regions, wearing gold Jewelry reflects the wealth and prosperous status of the owner. There are many Jewellery products in the Market with elegant designs. 

Weddings in the Indian Subcontinent are unfinished without Gold; Gold is highly associated with religious concerns, so all women participants try to wear gold jewelry. The bride is gifted with Gold Ornaments like gold rings, gold necklaces, gold earrings, gold bracelets, etc. Giving gold to a newly-wed bride is a tradition in Pakistan, India, and Bangladesh.

Moreover, gold Roses are given as gifts to special ones, and these Gold Roses are considered the most precious Gift in the South Asian region. The second most notable use of Gold is in Finances and Investments. As the gold rate worldwide keeps changing, it is a popular option because gold prices mainly increase. So, it is considered a safe option to invest in!

Gold is the Conductor of Electrical charges; that’s why it is widely used in Electric Gadgets like Mobile Phones, Laptops, calculators, and TVs. Computer chips are also made from Gold, and Apple iPhones & other expensive smartphones have gold plating. Gold is also used in the field of Medicine and Dentistry; gold teeth are generally made to replace broken or missing teeth. Gold is of vital importance in the Medical Field; it is found in recent research that Gold can be used to treat severe diseases like arthritis, rheumatoid arthritis, and other related diseases.

The property of Gold to lubricate mechanical parts, conduct electricity, and resist the entrance of infrared radiation and heat makes Gold perfect for use in the Aerospace Industry. 

Gold Medals are awarded to High achievers, and receiving a Gold Medal is a dream for many of us, either in Education, sports, or any other field. These medals are also manufactured from varying amounts of Gold.  

Gold Rates in Pakistan

In Pakistan, Gold is used as Jewellery and for the prospects of Investments. Gold Jewellery is widely used during traditional weddings. According to the customary traditions, the groom’s family has to give Gold (Either in the form of Jewelry, Gold Bars or coins) as a gift to the Bride as a Peace gesture for long-lasting love and affection. 

Daily Gold Rate in Pakistan is controlled by Karachi Sarafa Bazaar & Jewellers. Karachi is the hub of Gold-related business. The Association of Sarafa Bazar (biggest Gold Market in Pakistan) gives the daily gold price per tola and 10 grams in Pakistan. Generally, the Gold rate in Pakistan is the same, but sometimes, slight changes are in rates. There are separate Sarafa Markets and Associations of all major cities; they decide their rates, but mainly they follow the Daily Gold rate of Karachi Sarafa Association.  

Karachi Sarafa Bazar Association gives daily gold rates classified into three domains: Gold rate of 24 Karat per 10 grams, Gold rate 24 Karat per Tola and Gold rate 22 Karat per 10 grams.

Difference Between 24 Karats and 22 Karats Gold

24 Karat gold is made up of 99 perfect gold, while 22 Karat Gold is made up from 91.67% of Gold. The 24K Gold’s price is higher than the 22K gold price because of the difference in gold content. 

To get daily updates about gold prices in Pakistan, visit our website and keep updated!

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