Gold Rate reached another highest ever level in Pakistan: 24 Nov 09

Rate of gold is climbing so high these days. In the international market, the price of one Ounce of gold has increased around 200 dollars in just few months time period.

As the gold price is increasing in the international market, that is why, the price of gold is also increasing in different countries all across the globe.

Pakistan is one of the countries where gold price has increased quite significantly. Different factors have combine to boost gold rates in Pakistan.

Rate of 10 grams of gold in Pakistan on 24th of November, 2009 is approximately Rs. 31,220.

You can call this the whole sale rate: the rate at which the dealers may get gold. Then after they supply gold in the market to shopkeepers and after the shopkeepers turn this gold into rings, chains, necklaces etc: this price will increase further.

I cannot post the gold rate that you may see at shops: as in different cities, the rate varies a lot. Even in the same city, you will see different gold prices in different shops. So one cannot tell what exactly the gold price is.

However, one thing is for sure: today, the rate of gold in Pakistan is at a new All Time Record High Level. You can expect to see the price of gold above Rs. 32,000 or may be around Rs. 32,500.

  1. NIB Bank may get into the Defaulter’s List at KSE
  2. Pak Rupee at Record Low Level against US Dollar: 12 July 10
  3. Gold Price drops more than 35 Dollars in one day: 1 July 10
  4. Very low share volume recorded at KSE: 1st July 10
  5. US Stock Markets remained closed on Monday 5 July 10

*