New Gold Rate in Pakistan [February 2023]

Pakistan's Gold Price Determinants

In the midst of a steadily deteriorating economic crisis and a drop in the value of the rupee, the price of gold in Pakistan has reached an all-time high. Financial experts claim that this precious metal's price has been increasing as a result of investors holding it as a hedge against inflation and currency depreciation.

The aggressive actions of the US Federal Reserve are the main cause of the exponential price increase for gold, which is becoming increasingly expensive everywhere.

We have given the most recent prices as reported by the Karachi Sarafa Bazar Association because the price of gold in Pakistan is continuously changing. Please be advised that while there are minor variances in different cities, gold rates are generally the same across the nation.

ADVANCED FEBRUARY 2023 GOLD RATE IN PAKISTAN

Let's examine the most recent gold pricing in Pakistan.

Gold Weight24K Gold Rate 22K Gold Rate 21K Gold Rate 18K Gold Rate TolaPKR 194,200PKR 178,016PKR 169,925PKR 145,65010 GramPKR 166,495PKR 152,620PKR 145,683PKR 124,8711 GramPKR 16,650PKR 15,262PKR 14,568PKR 12,4871 OuncePKR 472,007PKR 432,671PKR 413,006PKR 354,005

Disclaimer: There are frequent fluctuations in the price of gold in Pakistan. The previous update to this blog was on February 13, 2023.

PRINCIPALS DETERMINING GOLD PRICE IN PAKISTAN

Here are a few of the main factors influencing gold prices in Pakistan right now.

INFLATION

The main cause of Pakistan's rising gold prices is inflation. Simply put, people prefer to look for ways to safeguard their assets against devaluation and thus buy more gold as a hedge when prices for products rise and purchasing power declines.

In addition, buying property during an inflationary period may be advantageous

Economic Circumstances

The price of gold increases as a result of the weak economy. The price of one tola of gold in Pakistan may be impacted by the GDP's lack of expansion, rising public spending, a lack of discretionary income, and an increase in the unemployment rate.

ELECTRONIC INSTABILITY

Political unrest is another element that affects gold prices in Pakistan. Investors may purchase significant quantities of gold during uncertain times to protect their investment. Unfortunately, people can see this happening everywhere.

DEMAND AND SUPPLY

This one is rather easy to understand. The price of gold directly correlates with its supply on the market. Price increases can occur when supply and demand are out of balance. On the other side, when supply and demand are equal, the gleaming metal typically becomes more affordable.

WORLD MARKET

Last but not least, the cost of gold on the global market has a direct impact on the exchange rates in each nation. Of course, factors such as interest rates, supply and demand, political environment, and currency exchange rates all have an impact on worldwide prices.

This concludes our blog post on the current gold prices in Pakistan. Check out some of our other price guides by clicking here:

The Most Recent Pakistani Petrol Prices

Pakistan's Most Recent Cement Price List

Pakistan's steel prices in 2023

To find out everything there is to know about the most recent real estate market trends, keep an eye on Rightdeed Blog, the greatest property blog in Pakistan. To be informed about investment opportunities near you, you can also email us at support@rightdeed.com and like us on Facebook.