Latest Gold Rate For Dec 21, 2020 In Pakistan

Author: Web Desk

Today Gold rates in Pakistan, 21 Dec 2020 are being sold for Rs 96,800 per 10 grams, and the price of Gold is Rs 112,900  per Tola in Pakistan today.

Below is the table providing the latest gold rates for the cities of Karachi, Lahore, Rawalpindi, Peshawar, Quetta, Faisalabad, Multan, Gujranwala, Sialkot and Islamabad. Today’s latest gold prices in Pakistan for 22 carats, 24 carats, 21 carats and 18 carats are available on the table.

Gold Rate In Pakistan For 21 December 2020

Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold
per Tola Gold Rs. 112900 Rs. 103491 Rs. 98788 Rs. 84675
per 10 Gram Rs. 96800 Rs. 88733 Rs. 84700 Rs. 72600
per Gram Gold Rs. 9680 Rs. 8873 Rs. 8470 Rs. 7260

Key Factors that Drive the Gold Price

Overall global demand for gold derives, gold rates in Pakistan. The jewelry-making industry uses gold on a very large-scale. In Asian communities, gold is considered as wealth and does transfer from one generation to the second generation. The gold prices are increased if the global demand is increased. When interest rates are low; the gold rates go high because of the low opportunity cost involved with precious metals like gold. At the time of high inflation rates, creditors start losing money so they are more inclined to buy or hold more gold. The fluctuation in the USD also drives the gold price and is directly linked if USD goes up, the gold price also see hikes.

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