Wednesday, 15 January 2025, 1:41 PM
Gold Unit | Pakistani Rupee | U.S. Dollar |
---|---|---|
Gold Ounce | 748,901.50 | 2,687.47 |
Gold Gram Karat 24k | 24,080.43 | 86.41 |
Gold Gram Karat 22k | 22,057.68 | 79.16 |
Gold Gram Karat 21k | 21,070.38 | 75.61 |
Gold Gram Karat 18k | 18,060.33 | 64.81 |
Gold Gram Karat 14k | 14,087.05 | 50.55 |
Gold Gram Karat 12k | 12,040.22 | 43.21 |
Gold Gram Karat 10k | 10,041.54 | 36.03 |
Gold Gram Karat 9k | 9,030.16 | 32.41 |
Gold Gram Karat 8k | 8,018.78 | 28.78 |
In Pakistan, the purity of gold is measured in karats, with several options available to consumers. The most commonly used gold karats are as follows:
24 karat (24K) gold is the purest form, containing 99.9% gold. It is highly sought after due to its superior quality and distinctive yellow hue; however, its softness makes it less durable for daily wear. As such, 24K gold is often used for investment purposes or traditional jewelry in special occasions.
22 karat (22K) gold is another popular choice, containing 91.6% gold. It strikes a balance between purity and strength, making it ideal for crafting intricate jewelry designs. 22K gold is widely preferred for bridal jewelry and other important pieces in Pakistan.
18 karat (18K) gold comprises 75% gold mixed with other metals for added durability. This karat is less common but still sought after for its quality, especially among those who desire a blend of strength and beauty in their jewelry.
Other karats like 14K gold (58.3% gold) and 10K gold (41.7% gold) are available but are less popular in the Pakistani market. Overall, the focus remains on 24K, 22K, and 18K gold for a variety of jewelry applications.
The price of gold in Pakistan is influenced by a variety of factors, both domestic and international. One of the primary elements is the global gold price, which is determined on international markets. The international gold price is quoted in U.S. dollars, and any fluctuations in the dollar's value can directly impact local prices.
In Pakistan, local gold prices are further influenced by currency exchange rates. A stronger dollar relative to the Pakistani Rupee means that gold becomes more expensive in local currency, and vice versa. Additionally, government policies concerning taxes and import duties on gold can affect pricing. High import taxes can lead to increased local prices, while subsidies may reduce costs.
Another factor to consider is local demand and supply. In Pakistan, gold is a popular investment, especially during wedding seasons and during significant cultural events, which can drive prices up due to increased demand. Finally, speculative trading and market sentiments can also play a role, as investors react to economic cues and geopolitical issues affecting the global market for gold.
The gold market in Pakistan has been subject to various economic influences that can affect its price. Analysts predict that gold prices may experience fluctuations in the coming months due to factors such as inflation, currency depreciation, and changes in global demand for gold. Strong inflationary pressures in Pakistan can lead investors to turn to gold as a hedge against currency devaluation, potentially driving prices up.
Furthermore, the ongoing geopolitical tensions and economic conditions worldwide could cause increased interest in gold as a safe-haven asset. Additionally, the state of the Pakistani Rupee against major currencies will play a significant role in determining local gold prices. If the Rupee continues to weaken, it could result in higher gold prices for consumers in Pakistan.
Many experts believe that as long as global uncertainty persists, gold will remain a preferred investment choice. By the end of 2023, it is expected that gold prices in Pakistan may reach or exceed record levels if the current trends continue. Investors should keep a close eye on both local economic indicators and international market trends when considering gold investments.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
14 January 2025 | 745,074.09 | 23,957.37 | 21,959.15 | 20,958.48 | 17,962.25 | 13,978.88 |
13 January 2025 | 751,298.57 | 24,157.51 | 22,142.60 | 21,133.57 | 18,112.31 | 14,095.66 |
12 January 2025 | 752,227.89 | 24,187.39 | 22,169.99 | 21,159.72 | 18,134.71 | 14,113.09 |
11 January 2025 | 749,815.83 | 24,109.83 | 22,098.90 | 21,091.87 | 18,076.56 | 14,067.84 |
10 January 2025 | 744,964.31 | 23,953.84 | 21,955.92 | 20,955.40 | 17,959.60 | 13,976.82 |
9 January 2025 | 740,660.71 | 23,815.46 | 21,829.08 | 20,834.34 | 17,855.85 | 13,896.07 |
8 January 2025 | 740,462.38 | 23,809.08 | 21,823.24 | 20,828.76 | 17,851.07 | 13,892.35 |
6 January 2025 | 733,045.88 | 23,570.61 | 21,604.65 | 20,620.14 | 17,672.27 | 13,753.21 |
5 January 2025 | 734,082.41 | 23,603.94 | 21,635.20 | 20,649.29 | 17,697.26 | 13,772.65 |
4 January 2025 | 735,434.10 | 23,647.40 | 21,675.04 | 20,687.32 | 17,729.85 | 13,798.01 |
3 January 2025 | 746,359.00 | 23,998.68 | 21,997.02 | 20,994.63 | 17,993.23 | 14,002.98 |
2 January 2025 | 733,020.95 | 23,569.81 | 21,603.92 | 20,619.44 | 17,671.67 | 13,752.74 |
1 January 2025 | 733,246.01 | 23,577.04 | 21,610.55 | 20,625.77 | 17,677.10 | 13,756.96 |
31 December 2025 | 725,609.53 | 23,331.50 | 21,385.49 | 20,410.96 | 17,493.00 | 13,613.69 |
30 December 2025 | 731,127.57 | 23,508.92 | 21,548.12 | 20,566.18 | 17,626.03 | 13,717.22 |
29 December 2025 | 729,122.67 | 23,444.46 | 21,489.03 | 20,509.78 | 17,577.69 | 13,679.60 |
28 December 2024 | 729,122.67 | 23,444.46 | 21,489.03 | 20,509.78 | 17,577.69 | 13,679.60 |
27 December 2024 | 731,969.31 | 23,535.99 | 21,572.92 | 20,589.85 | 17,646.32 | 13,733.01 |
26 December 2024 | 730,645.86 | 23,493.44 | 21,533.92 | 20,552.63 | 17,614.41 | 13,708.18 |
25 December 2024 | 728,150.62 | 23,413.20 | 21,460.38 | 20,482.44 | 17,554.26 | 13,661.36 |
24 December 2024 | 726,555.47 | 23,361.91 | 21,413.36 | 20,437.57 | 17,515.80 | 13,631.43 |
23 December 2024 | 727,839.45 | 23,403.20 | 21,451.21 | 20,473.68 | 17,546.76 | 13,655.52 |
22 December 2024 | 726,869.69 | 23,372.02 | 21,422.63 | 20,446.40 | 17,523.38 | 13,637.33 |
21 December 2024 | 732,490.66 | 23,552.75 | 21,588.29 | 20,604.52 | 17,658.89 | 13,742.79 |
20 December 2024 | 730,860.78 | 23,500.35 | 21,540.25 | 20,558.67 | 17,619.59 | 13,712.21 |
19 December 2024 | 725,084.23 | 23,314.61 | 21,370.00 | 20,396.18 | 17,480.33 | 13,603.83 |
18 December 2024 | 735,895.13 | 23,662.22 | 21,688.63 | 20,700.28 | 17,740.96 | 13,806.66 |
17 December 2024 | 735,257.15 | 23,641.71 | 21,669.82 | 20,682.34 | 17,725.58 | 13,794.69 |
16 December 2024 | 736,049.80 | 23,667.20 | 21,693.19 | 20,704.64 | 17,744.69 | 13,809.56 |
15 December 2024 | 735,118.01 | 23,637.24 | 21,665.72 | 20,678.43 | 17,722.23 | 13,792.08 |
In Pakistan, the gold making charges are an essential factor to consider when purchasing gold jewelry. These charges are typically levied as a percentage of the gold price per gram and can vary depending on the jeweler's reputation, the complexity of the design, and other factors.
On average, making charges range from 8% to 15% of the gold price per gram. For instance, if the current market price of gold is approximately PKR 15,000 per gram, the making charges could amount to around PKR 1,200 to PKR 2,250 per gram. This translates to an approximate total cost of between PKR 16,200 to PKR 17,250 per gram of jewelry, depending on the making charges applied.
It's essential for consumers to inquire about the specific making charges before making a purchase, as these can significantly affect the overall cost of the jewelry. Understanding these charges helps buyers make informed decisions and budget accordingly for their gold purchases.