Gold Rates

Discover the latest GOLD rate in Pakistan today. Stay updated with current gold prices in PKR per tola or 10 grams. Get insights into fluctuations in the gold market and make informed investment decisions. gold rate in pakistan

Gold rate in Pakistan – Friday 21 Jul 2023

On Friday, July 21, 2023, the price of gold in Pakistan is Rs 231,303.256 per tola. 10 grams of 24K gold were being traded for Rs 198,254.269 per gram and 1 gram was going for Rs 19,825.427.

The price of one ounce of 24 Karat gold was Rs 562,066.913.

Gold Rate24K Gold22K Gold21K Gold18K Gold
Per Tola Gold231,303.256212,027.985202,390.349173,477.442
Per 10 Gram Gold198,254.269181,733.080173,472.486148,690.702
Per 1 Gram Gold19,825.42718,173.30817,347.24914,869.070
Per Ounce562,066.913515,228.003491,808.548421,550.184

Understanding Price Fluctuations in Gold Prices

Gold has been a valuable and sought-after precious metal for centuries, serving as a store of value, a hedge against inflation, and a safe-haven asset during times of economic uncertainty. The price of gold is influenced by a complex interplay of various factors, ranging from global economic conditions to geopolitical tensions. This article aims to provide a comprehensive understanding of the primary drivers behind price fluctuations in gold prices.

Supply and Demand:

One of the fundamental factors affecting gold prices is the balance between its supply and demand. Gold production, primarily mined from countries like China, Russia, Australia, and the United States, contributes to the overall supply. On the other hand, demand for gold comes from a multitude of sources, including jewelry, investment purposes, central bank reserves, and industrial uses(GOLD Rate in Pakistan).

Changes in supply or demand can significantly impact gold prices. For instance, increased gold production or reduced jewelry demand may lead to downward pressure on prices. Conversely, heightened investment demand during economic uncertainties can cause prices to surge.

Economic Conditions:

The state of the global economy plays a crucial role in determining gold prices. During periods of economic growth and stability, investors tend to shift towards riskier assets like stocks, which can lead to a decrease in demand for safe-haven assets like gold. Consequently, gold prices may experience downward pressure in such scenarios.

Conversely, during economic downturns or recessions, investors seek safer options, and gold’s appeal as a store of value increases(GOLD Rate in Pakistan) . In times of market instability, gold prices tend to rise as investors flock to it as a safe-haven investment.

Interest Rates and Monetary Policy:

The relationship between gold prices and interest rates is an essential aspect to consider. When interest rates are low, the opportunity cost of holding non-yielding assets like gold diminishes. As a result, demand for gold typically rises, causing prices to increase.

Conversely, when interest rates rise, gold’s appeal may decrease, as other interest-bearing assets become more attractive. Therefore, central banks’ monetary policy decisions can have a significant impact on gold prices.


Inflation erodes the purchasing power of fiat currencies, making investors wary of holding cash or low-yielding assets. During periods of high inflation or when inflation expectations rise, investors often turn to gold as a hedge against currency depreciation. As a result, gold prices tend to rise in inflationary environments.

Geopolitical Tensions:

Geopolitical uncertainties, such as conflicts, trade disputes, or political instability, can lead to increased demand for gold as a safe-haven asset. Investors perceive gold as a reliable store of value in times of geopolitical turmoil, causing its prices to surge.


The price fluctuations in gold prices are influenced by a combination of factors, including supply and demand dynamics, economic conditions, interest rates, inflation, and geopolitical tensions(GOLD Rate in Pakistan) . Investors and market participants closely monitor these variables to make informed decisions regarding gold investments. As such, the gold market remains a dynamic and complex arena, subject to continuous changes and the influence of global events and economic trends.



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