GOLD PRICE IN PAKISTAN 

( 2021,2022,2023 )

                                                                     26 February 2023
2023 GOLD

2023:

Gold prices fell on Friday as the rupee ticked higher, while traders continued to position themselves for further rate hikes from the State Bank of Pakistan (SBP) — as the precious commodity is highly sensitive to rising interest rates. 
Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 carats) declined by Rs1,000 per tola and Rs857 per 10 grams to settle at Rs195,100 and Rs167,267, respectively.
Investors expect the State Bank of Pakistan (SBP) to raise interest rates as early as this week in an off-cycle review as the South Asian nation faces pressure to mend its finances amid a $1 billion loan tranche it is seeking from the International Monetary Fund (IMF).
While gold is considered an inflation hedge but is highly sensitive to rising interest rates, which increase the opportunity cost of holding the non-yielding bullion.
Moreover, the local currency extended its winning streak for the third day as it gained 0.36% against the US dollar to close below the psychological level of 260 after a hiatus of 20 days in the interbank market — which faded the appeal for the precious commodity. 
Meanwhile, silver prices in the domestic market fell by Rs20 per tola and Rs17.14 per 10 grams to settle at Rs2,100 and Rs1,800.41, respectively.
In the international market, gold prices headed for another weekly fall on Friday, holding near last session’s two-month lows as prospects of more interest rate hikes by the US Federal Reserve dimmed bullion’s appeal amid a slew of strong economic data. 
The price registered a meager decline of $8 per ounce to settle at $1,818.
Bullion has lost about 7% since the beginning of February, having posted significant declines in the previous two out of three weeks, and is down about 1% this week.
Gold is trying to find support around the $1,820 level, but prices could drift still lower towards $1,776 on strong personal consumption expenditure data, said Ole Hansen, head of the commodity strategy at Saxo Bank.
“The market is looking to stabilize after the long overdue correction, which has now been unfolding for the past three weeks.”

2022:

As of my knowledge cutoff date of September 2021, so I do not have access to the future gold prices in Pakistan for 2022. However, I can provide some general information on the factors that may influence gold prices in Pakistan and around the world in the coming year.
2022 GOLD

One of the most significant factors that may impact gold prices in 2022 is the ongoing COVID-19 pandemic. The pandemic has had a significant impact on the global economy, with many countries experiencing recessions and economic downturns. Governments around the world have responded with unprecedented levels of fiscal and monetary stimulus, which has led to increased inflation concerns. Historically, gold has been viewed as a hedge against inflation, and demand for the metal may rise if inflation continues to be a concern in 2022.
Another factor that may impact gold prices is the state of the global economy. While many countries are experiencing a recovery from the pandemic-induced recession, there are still concerns about the sustainability of the recovery, particularly as COVID-19 variants continue to emerge. Economic uncertainty tends to increase demand for safe-haven assets like gold, and if economic conditions remain uncertain in 2022, gold prices may rise as a result.
The strength of the US dollar is another factor that may impact gold prices in 2022. Gold is priced in US dollars, which means that a strong dollar tends to put downward pressure on gold prices, while a weak dollar tends to push gold prices higher. The US Federal Reserve's monetary policy decisions will be closely watched by investors in 2022, as any shifts in interest rates or other monetary policy tools may impact the strength of the dollar and, in turn, gold prices.
In Pakistan specifically, several factors may impact gold prices in 2022. One key consideration is the country's geopolitical situation. Pakistan is located in a volatile region of the world, and any conflicts or tensions could increase demand for gold as a safe-haven asset. Additionally, the Pakistani government's policies around gold imports and taxes may impact the price of the metal in the country.
Finally, it's important to note that gold prices can be highly unpredictable and subject to significant volatility. While many factors may impact gold prices in 2022, it is difficult to predict with certainty how these factors will play out and what impact they will have on gold prices. As always, investors should approach gold as part of a diversified investment strategy, taking into account their risk tolerance, financial goals, and investment time horizon.

2021:

Gold is a valuable metal that has been used as a currency and investment for thousands of years. It is a precious commodity that is used for jewelry, coins, and bullion and is considered a safe-haven asset during times of economic uncertainty. In Pakistan, gold is widely traded and is an important part of the country's economy. In this article, we will discuss the 2021 gold prices in Pakistan in detail.
Gold prices in Pakistan are determined by several factors, including global economic conditions, demand and supply, and geopolitical events. The prices can fluctuate daily, and investors and traders need to stay up-to-date with the latest market trends.
2021 GOLD

As of September 2021, the price of 24K per tola gold in Pakistan was PKR 120,500. Tola is a unit of weight that is commonly used in South Asia, and it is equivalent to 11.66 grams. The price of 22K per tola of gold was PKR 110,653, while the price of 21K per tola of gold was PKR 105,730, and the price of 18K per tola of gold was PKR 90,375.
Gold prices in Pakistan tend to be higher than in other countries due to a variety of factors, including import duties, taxes, and fees. The import of gold is regulated by the Pakistani government, and the importers must obtain a license from the authorities to bring in the gold. This can also affect the price of gold in the country.
The demand for gold in Pakistan is driven by several factors, including cultural and religious beliefs, jewelry and ornament making, and investment purposes. Gold is considered a symbol of wealth and prosperity, and it is often given as gifts during weddings and other special occasions. Additionally, many people in Pakistan invest in gold as a hedge against inflation and economic instability.
The global economic conditions also play a role in determining the gold prices in Pakistan. The prices of gold are often influenced by the strength of the US dollar, as gold is denominated in dollars. When the dollar is strong, the price of gold tends to be lower, as investors flock to the US currency. On the other hand, when the dollar is weak, the price of gold tends to be higher, as investors seek out alternative investments.
Another factor that can affect gold prices in Pakistan is geopolitical events. Wars, conflicts, and political instability in the region or around the world can lead to an increase in demand for gold as investors seek out safe-haven assets. Additionally, global economic events, such as recessions and financial crises, can also affect the price of gold.
In conclusion, gold prices in Pakistan are determined by several factors, including global economic conditions, demand and supply, and geopolitical events. As of September 2021, the prices of gold in Pakistan ranged from PKR 90,375 per tola for 18K gold to PKR 120,500 per tola for 24K gold. Investors and traders need to stay informed about the latest market trends and fluctuations in gold prices to make informed investment decisions.

NOTE:
2021 GOLD prices Graph

The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.