Latest Gold Rate For Nov 21, 2020 In Pakistan

24k 10g 24k per tola 22k 10g
Pakistan Rs 96,600 Rs 112,700 Rs 88,549
Karachi Rs 96,600 Rs 112,700 Rs 88,549
Lahore Rs 96,600 Rs 112,700 Rs 88,549
Islamabad Rs 96,600 Rs 112,700 Rs 88,549
Rawalpindi Rs 96,600 Rs 112,700 Rs 88,549
Peshawar Rs 96,600 Rs 112,700 Rs 88,549
Quetta Rs 96,600 Rs 112,700 Rs 88,549
Sialkot Rs 96,600 Rs 112,700 Rs 88,549

Key Factors that Drive the Gold Price

The gold rates in Pakistan are also derived from the overall global demand for gold. Gold is used at very large-scaled in the jewelry making industry. 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. It is observed that when the 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.