As of March 9, 2023, the price of gold in Pakistan is approximately 102,893.95 Pakistani Rupees (PKR) per tola (11.66 grams) and 88,191.96 PKR per 10 grams. This price can vary depending on various factors such as international gold rates, currency exchange rates, and local demand and supply.
Gold has always been considered a valuable asset in Pakistan, and its demand remains high among investors and individuals alike. The price of gold in Pakistan is closely linked to international gold prices, which have been volatile in recent times due to various global events and economic factors. However, gold prices have remained relatively stable in Pakistan despite fluctuations in international markets.
The increase in demand for gold in Pakistan is largely due to its use in jewelry-making and as a hedge against inflation. Additionally, the wedding season in Pakistan also sees a surge in the demand for gold, as it is a popular gift item during such occasions.
The Pakistani government also plays a significant role in determining the price of gold in the country. The government imposes taxes and duties on gold imports, which can affect the final price of the metal. Moreover, the government also regulates the sale of gold in the country through licensed jewelers and gold dealers.
In conclusion, the price of gold in Pakistan fluctuates based on a variety of factors, but it remains a valuable asset for investors and individuals alike. The demand for gold in Pakistan is likely to remain high due to cultural and economic factors, and it is important to keep track of the latest gold rates to make informed investment decisions.
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