Gold Rate in Pakistan – 7 March 2024

The gold price dropped by Rs. 4,000 today on March 7, 2024, following which the gold price for 1 tola of 24-karat gold stood at Rs. 224,000 at the start of the business day.

Today, March 7, 2024, the price of 24-karat gold in Pakistan is Rs. 224,000 per tola. For 10 grams of 24-karat gold, the price is Rs. 192,044. These rates are based on the latest updates from the bullion markets in Karachi, Multan, and Lahore.

The gold rates are usually the same throughout the country, with only a slight difference of a few hundred rupees.

Gold Rate in Pakistan Today, March 7, 2024

Here are the complete gold rates in Pakistan for March 2024:

What is the difference between 24k, 22k, and 18k gold?

When choosing gold jewelry, understanding the differences between 24k, 22k, and 18k is crucial. It all comes down to purity and practicality:

• Purity: The karat (k) signifies the proportion of pure gold in the alloy. 24k gold is the purest form, containing 99.9% gold and no other metals. This translates to a vibrant yellow color and a softer texture, making it unsuitable for daily wear jewelry as it can scratch or bend easily. 22k and 18k gold contain lower percentages of gold (91.7% and 75%, respectively) mixed with other metals like copper or silver. While slightly less valuable, these blends offer increased durability and scratch resistance, making them the preferred choice for everyday jewelry.
• Practicality: The choice between 24k, 22k, and 18k gold depends on the intended use. If you prioritize absolute purity and color vibrancy, 24k gold might be suitable for non-wearable items like collector coins. However, for everyday jewelry that requires strength and durability, 22k or 18k gold are more realistic options, offering a good balance between value, beauty, and practicality.

The gold rate in Pakistan is constantly changing. It’s vital to stay updated on the current daily rates for accurate gold rate conversions. Reputable sources like INCPak (https://www.incpak.com/tag/gold-rate-in-pakistan/), provide reliable, daily updated information on gold rates.

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