Gold Rate in Pakistan today February 2023:

Today’s Gold Rate in Pakistan per tola updated on Friday Jan 2023 for

  • Gold 24K per Tola Rs. 205300

  • Gold 24K per 10 Grams Rs. 176012
  • 1 Gram Gold Rate today 2023 is Rs. 17601
  • Gold 22K per 10 Grams Rs. 161343
  • Gold 22K per Tola Rs. 188191
  • 21K rate for per 10 gram is RS. 154010
  • 18k gold rate is RS. 153975 per tola

Gold price in Pakistan whatisprice.pk
Gold price in Pakistan today, Gold rate today in Pak
Gold price in Pakistan today, gold price forecast, Gold rate today near Johar Town Lahore, Gold rate Today Lahore, Gold Rate in Pakistan today per tola 12 Gram

Gold price forecast (prediction):

  • Wednesday, Jan 11 – $1,878
  • Thursday, Jan 12 – $1,878
  • Friday, Jan 13 – $1,879
  • Saturday, Jan 14 – $1,879
  • Sunday, Jan 15 – $1,880
  • Monday, Jan 16 – $1,881
  • Tuesday, Jan 17 – $1,881
  • Wednesday, Jan 24 – $1938
  • February 15 – $1,898
  • March 15 – $1,914
  • April 15 – $1,932
  • May 15 – $1,949
  • June 15 – $1,967

 

What is Gold also read Gold price in Pakistan today, gold price forecast, Gold rate today near Johar Town Lahore:

Gold is a chemical element with the symbol Au and atomic number 79. It is a soft, yellow, dense metal that is highly valued for its beauty and rarity. Gold is a good conductor of electricity and is not affected by air or water erosion. It is often used in jewelry, coins, and as a reserve currency. Gold is also used in a variety of industrial and medicinals applications.

  • Gold is a soft, yellow metal with a high melting point.
  • It is a good conductor of electricity and is not affected by air or water erosion.
  • Gold is highly valued for its beauty and rarity.
  • It is often used in jewelry, coins, and as a reserve currency.
  • Gold is also used in a variety of industrial and medicinal applications.

Whatisprice.pk is the best site to inform you about Factors of Gold price change in Global market:

  • Supply and demand: Gold prices are largely determined by supply and demand dynamics. When demand for gold is high and supply is limited, prices tend to rise. Conversely, when demand is low and there is a surplus of gold, prices tend to rise. Conversely, when demand is low and there is a surplus of gold, prices tend to fall.
  • Economic conditions: Gold is often seen as a safe haven asset, and its price can be influenced by economic conditions. For example, during times of economic uncertainty, investors may flock to gold as a stable store of value, which can drive up its price.
  • Interest rates: Gold prices can be influenced by interest rates, as higher interest rates can make gold less attractive to investors.
  • Inflation: Gold is often used as a hedge against inflation, and its price can be influenced by expectations of future inflation.
  • Currency movements: Gold prices can be influenced by movements in global currency markets, as gold is often bought and sold in U.S. dollar
  • Political and geopolitical events: Gold prices can be influenced by political and geopolitical events, such as wars, revolutions, and elections, as these events can affect economic conditions and market sentiment.

History and current working on Gold in Pakistan:

Pakistan has a long history of gold mining, and the country is believed to have significant reserves of gold. Gold is an important resource for Pakistan, and it is mined in a number of areas in the country, including the northwest and the southwest. Gold is used in a variety of applications in Pakistan, including jewelry, coins, and as a store of value.

In recent years, Pakistan has been working to increase its gold production and exports, and the government has implemented a number of initiatives to support the development of the gold industry. This includes measures to improve the efficiency of gold mines, increase investment in the sector, and promote the development of new technologies.

Pakistan’s gold industry faces a number of challenges, including a lack of investment, outdated mining techniques, and environmental concerns. However, the country is working to address these challenges and is committed to the sustainable development of its gold industry.

Karat in Gold and difference in 24 karat and 22 karat gold purity:

The term “kerat” is often used to refer to the purity of gold, with higher numbers indicating a higher level of purity. For example, 24-karat gold is considered to be pure gold, as it contains no other metal impurities. 22-karat gold is also considered to be high-quality gold, but it contains a small amount of other metal impurities, usually copper or silver.

The difference between 24-karat and 22-karat gold is the amount of pure gold present in the alloy. 24-karat gold is composed of 100% pure gold, while 22-karat gold is approximately 91.7% pure gold, with the remaining 8.3% consisting of other metal impurities.

24-karat gold is considered to be the purest form of gold, and it is often used in the production of high-end jewelry and other decorative items. It is soft and pliable, and it is not as durable as other forms of gold.

22-karat gold is also considered to be high-quality gold, and it is often used in the production of jewelry and other decorative items. It is slightly less pure than 24-karat gold, but it is more durable and less prone to scratching and wear.

What is tola? You want to know about tola? here is comprehensive explanation of Tola:

A tola is a unit of measurement used to weigh gold and other precious metals. It is a traditional unit of weight that is still used in some countries, including Pakistan, India, and Nepal.

One tola is equal to 11.6638 grams, or 0.375 troy ounces. It is used to measure the weight of gold and other precious metals, and is often used to determine the value of gold jewelry and other gold items. Are you ready to know about Today gold rate in Pakistan in Urdu, What is the price of 1 tola in Pakistan?, What is 22k Gold Price in Pakistan? And rate of 24 carat gold in Pakistan? Here is the answer:

In addition to the tola, other units of measurement are commonly used to weigh gold, including the gram, troy ounce, and pennyweight. The gram is the most commonly used unit of measurement for gold, and it is equal to 0.03215 troy ounces. The troy ounce, which is used to measure the weight of gold and other precious metals, is equal to 31.1034768 grams. The pennyweight is another unit of measurement used to weigh gold, and it is equal to 1.55517384 grams.

Here are Commercial uses of Gold:

  1. Jewelry: Gold is the most popular metal used to make jewelry due to its beauty, rarity, and inherent value.
  2. Electronics: Gold is used in a variety of electronic devices due to its excellent conductive properties.
  3. Medicine: Gold has been used in medicine for centuries, and it is still used today to treat certain medical conditions.
  4. Dentistry: Gold is used in dentistry for fillings, crowns, and other dental work.
  5. Coins: Many countries use gold to mint coins, which are often used as a store of value or as a medium of exchange.
  6. Investment: Gold is often bought and sold as an investment due to its inherent value and its use as a hedge against economic uncertainty.
  7. Industrial applications: Gold is used in a variety of industrial applications due to its excellent conductive properties and resistance to corrosion.
  8. Space exploration: Gold is used in spacecraft and other equipment for space exploration due to its ability to reflect heat and radiation.
  9. Architecture: Gold leaf is often used in the construction of buildings and other structures due to its beauty and durability.
  10. Decorative arts: Gold is often used in the production of decorative items, such as vases and other decorative objects.

 

Here are some disadvantages of using Gold:

  1. High cost: Gold is a relatively expensive metal, which can make it cost-prohibitive for certain applications.
  2. Limited supply: There is a limited supply of gold on Earth, which can make it difficult to obtain in large quantities.
  3. Environmental impact: Gold mining can have a negative impact on the environment, including air and water pollution.
  4. Ethical concerns: Some people may object to the use of gold due to ethical concerns, such as the use of child labor in gold mining.

 

Also read Atlas Honda CD 70 bike price in Pakistan:

https://whatisprice.pk/honda-cd-70-price-in-pakistan/

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