Gold Prices Today: A Comprehensive Overview
Current Gold Rates
As of July 30, 2024, gold prices in Faisalabad are as follows:
- 24K Gold: Rs. 251,950 per tola; Rs. 216,007 per 10 grams
- 22K Gold: Rs. 231,015 per tola; Rs. 198,007 per 10 grams
- 21K Gold: Rs. 220,513 per tola; Rs. 189,007 per 10 grams
- 20K Gold: Rs. 210,013 per tola; Rs. 180,006 per 10 grams
- 18K Gold: Rs. 189,012 per tola; Rs. 162,006 per 10 grams
These rates reflect the current fluctuations in the Faisalabad gold market, influenced by international trends and local demand.
Gold Purity and Pricing
Gold is available in various purities, commonly measured in karats. The 24K variety is the purest form, followed by 22K, 21K, 20K, and 18K. Each karat type offers different pricing, and it is essential to understand these variations when buying or selling gold.
- 24K Gold: The highest purity, known for its rich yellow color.
- 22K Gold: Slightly less pure but often used for making jewelry.
- 21K Gold: Common in certain regions and blends durability with purity.
- 20K Gold: A more affordable option, still maintaining good quality.
- 18K Gold: Offers a balance of purity and strength, suitable for everyday use.
Gold Rate Trends in Faisalabad
Gold rates in Faisalabad are subject to frequent changes due to fluctuations in the international market. For the most accurate and updated rates, especially if you’re considering buying or selling gold, it’s advisable to check live updates from local sources or jewelers.
International Gold Prices
As of today, the international price for 24K gold is approximately $2,336 per ounce. This global benchmark influences local rates in Faisalabad, contributing to their daily fluctuations.
Practical Information
- Gold Rate Today in Faisalabad: Rs. 251,950 per tola for 24K gold.
- 22K Gold Rate in Faisalabad: Currently Rs. 198,007 per 10 grams.
- Price of Gold Tola in Faisalabad: Rs. 231,015 for 22K gold.
The tola, a traditional unit of weight in the subcontinent, is approximately 11.7 grams. Historically, this unit was used in currency and weights dating back to the 16th century.
Conclusion
Gold prices in Faisalabad, like elsewhere, are dynamic and influenced by a variety of factors, including international gold rates and local market conditions. Whether you are buying or selling gold, staying updated with the latest rates will ensure you make informed decisions.
