Gold Rates

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Gold Rate in Pakistan Today 2 August 2023

Gold Rate24K Gold Rate Today22K Gold Rate Today
per Tola GoldRs. 218000Rs. 199833
per 10 GramsRs. 186900Rs. 171325
per Gram GoldRs. 18690Rs. 17133

 

As of 2nd August 2023, the gold rate in Pakistan has been subject to fluctuation, influenced by various global and domestic factors. The precious metal, gold, has always held significant value in the country due to its cultural, economic, and investment importance. This article will provide an overview of the current gold rate in Pakistan and discuss the factors contributing to its fluctuations.

Current Gold Rate in Pakistan:

On 2nd August 2023, the gold rate in Pakistan stands at PKR XXXX per 10 grams. It is important to note that gold prices can vary across different cities and regions due to variations in demand and supply dynamics. The gold rate is subject to change throughout the day, based on international market trends and local economic conditions.

Factors Influencing Gold Prices in Pakistan:

  1. Global Economic Conditions:
  2. USD to PKR Exchange Rate: Gold prices in Pakistan are heavily influenced by the exchange rate between the United States Dollar (USD) and the Pakistani Rupee (PKR). As gold is traded globally in USD, fluctuations in the USD to PKR exchange rate can directly impact the gold rate in Pakistan.
  3. Central Bank Policies: Monetary policies adopted by Pakistan’s central bank can also affect the gold rate. Changes in interest rates and liquidity measures can influence investor sentiment and impact the demand for gold.
  4. Demand and Supply: The demand and supply of gold within Pakistan also play a crucial role in determining its price. An increase in domestic demand, particularly during festive seasons and weddings, can lead to higher gold rates. Conversely, a surge in gold imports or a boost in the global supply can result in a drop in prices.
  5. Gold Reserves and Mining: The availability of gold reserves within the country and mining activities can impact the local gold market. If domestic production increases, it may contribute to a decline in gold prices.

Conclusion:

The gold rate in Pakistan is subject to various economic, geopolitical, and market factors, making it a highly volatile asset. As of 2nd August 2023, the gold rate stands at PKR XXXX per 10 grams. However, investors and consumers should closely monitor global economic conditions, exchange rates, and central bank policies to make informed decisions regarding gold investments or purchases. It is essential to keep track of market updates to stay abreast of any potential changes in the gold rate in Pakistan.

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