gold price

Factors affecting 1 tola gold price in Pakistan

Pakistanis view gold as a reliable store of value and a safe haven asset. The value of gold tends to hold up well during times of economic uncertainty or inflation, and it can serve as a hedge against currency fluctuations and stock market volatility. Moreover, appreciation in 1 tola gold price in Pakistan also helps them to earn good return on investment in less time compared to other options.

In addition to that ,many Pakistanis have a lack of trust in financial institutions, and therefore prefer to invest in physical assets like gold that they can hold and touch. If you are also one of them interested in gold investment ,then keep reading as  we will discuss some of most important factors affecting 1 tola gold price in Pakistan market this week.

Gold Rate 24K Gold Rate Today 22K Gold Rate Today 21K Gold Rate Today 18K Gold Rate Today
Gold Rate per Tola Today Rs 207,800 Rs 190,482 Rs 181,825 Rs 155,850
Gold Rate per 10 Gram Today Rs 178,155 Rs 163,308 Rs 155,886 Rs 133,616
Gold Rate per Gram Today Rs 17,816 Rs 16,331 Rs 15,589 Rs 13,362
Gold Rate per Ounce Today Rs 505,062 Rs 462,972 Rs 441,930 Rs 378,797

Source : Daily times ( Gold prices at 31st march,2023)

Gold Market Performance  last week

The 1 tola gold price in Pakistan (24K) started the week at  Rs 200,500 and ended  the week  at Rs 207800. If you are an investor and looking to invest in the bullion market, then keep reading on as we will discuss some of most important factors affecting bullion market this week.

Important factors affecting 1 tola gold price in Pakistan market this week

Global demand and supply

Gold market has showed a decrease in the international market. The gold price in the international market started the week at  $ 2001/ounce and ended the week at $1969 /ounce. However, experts believe that gold price might rise on the back of weak U.S job openings and factory orders data for February 2023. The JOLTs job openings February 2023 report for February stated that factory orders fell by 0.7 % and  9.93 million job positions  were available far below the expected  10.4 million. Investors believe that this is the right time to invest in precious metals as these are proven safe havens for them .

Pakistani experts believe that weak economy has started to push bullion prices high and it would also affect the 1 tola gold price in Pakistan.

USD to PKR exchange rate

Chinese aid last week has left a stabilizing effect on the US to PKR exchange rate. The PKR started the week at Rs 283.12 and ended the week at Rs 283.80.

Experts in forex market think that the dollar’s value might rise in the near future due to worsening economic and political situation in Pakistan. And that may initiate  a promising period for investors involved in the precious metals investment  as there is an negative correlation  among US to PKR exchange rate and 1 tola gold price in Pakistan .


Pakistan’s March inflation hit 35.37 % which is the highest in nearly last 5 decades .It is mainly due to federal government ‘s actions which had to increase petroleum prices and levy taxes to meet the International Monetary Fund (IMF) conditions to get an urgently needed bailout package. When inflation rises, the purchasing power of currency decreases, which means that the same amount of money can buy fewer goods and services. In this environment, Pakistani investors may turn to gold as a store of value, as it has historically retained its value over time and is not subject to the same fluctuations as currency. Resultantly, it will push the 1 tola gold price in Pakistan upwards.

Political and economic stability

World Bank has estimated a weak economic growth forecast for the current year. The reason cited for this is the country’s weakened economic growth prospects, which are attributed to tighter financial conditions and a limited fiscal space. The World Bank has predicted that Pakistan’s economy will only grow by 0.4% in the current year, which is a rather bleak outlook. This forecast assumes that an agreement will be reached with the International Monetary Fund (IMF) for bailout funds.

On the other hand ,political uncertainty is at its peak after PML-N led government has announced to reject Supreme Court decision. It is a thing that will create more uncertainty and anarchy in the country .Furthermore, federal government is spending millions of rupees of tax payers’ money to arrest former PM Imran khan and that is creating further instability.

PML-N led government is also planning to limit the power of chief justice by passing simple law in national assembly and it will create splits among institutions. Experts believe that current political  and economic uncertainty will drive the1 tola gold price in Pakistan.

What to do?

It is important to research the factors that may impact the 1 tola gold price in Pakistan before investing in gold. Gold can be a long-term investment, so it’s important to consider your investment goals and time horizon before making any purchases. While ,gold can be a valuable addition to a diversified investment portfolio, but it is important not to rely too heavily on any one asset class.

It is currently advantageous to retain precious metals over the long term .However; unfortunately there are many scams and fraudulent companies. Therefore, always invest with brokers registered with government of Pakistan.

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