Latest gold rates in Pakistan, 7 May 2020

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The latest gold rates in Pakistan stayed at the high price till now

The latest gold rates in Pakistan today, May 7 reached Rs. 102,225 for 24 carat gold per tola. On the other hand, 24 carat gold is priced at 10 grams is Rs. 87,643 and per 10 gm (22 Karat) gold rate is now Rs. 98,792.

According to details, this is the first time that the country has more than one lakh price for gold. Its price has been fluctuate per tola. Prices compiled by ASSJA come with a one-day break after international prices change.

In Pakistan, the price of gold in Pakistan is higher to Rs 100,000 per tola, which is mainly due to the increase in demand and the reason for the increase in the value of imported goods in the international markets.

The cost of bullions is rising all over the world. However, the US dollar is strengthening globally. The value of the local currency (versus the US dollar) is declining. These factors have pushed gold prices to a new high on the Bullion Exchange and local markets.

Gold demand is expected to slow down in response to the current situation where the world is battling the Coronavirus outbreak. India and China are two major buyers of gold in the world. They are, among others, competing against COVID-19.

Below, you can check gold rate in Pakistan in different cities

City Name 24K (Per 10 Gm) 24K (Per Tola) 22K (Per 10 Gm)
Karachi Rs. 87,643 Rs. 102,225 Rs. 80,339
Hyderabad Rs. 87,643 Rs. 102,225 Rs. 80,339
Lahore Rs. 87,643 Rs. 102,225 Rs. 80,339
Multan Rs. 87,643 Rs. 102,225 Rs. 80,339
Islamabad Rs. 87,643 Rs. 102,225 Rs. 80,339
Faisalabad Rs. 87,643 Rs. 102,225 Rs. 80,339
Rawalpindi Rs. 87,643 Rs. 102,225 Rs. 80,339
Quetta Rs. 87,643 Rs. 102,225 Rs. 80,339

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