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  4. Do you know gold price in Pakistan? Its Rs 87,000 and the reason is India!

Do you know gold price in Pakistan? Its Rs 87,000 and the reason is India!

Gold is considered as the best investment for the future. As festivals and wedding season approaches, gold prices are on peak. Well, gold price today is Rs 38,465 per 10g in the national capital. But, do you any idea of gold rates in the neighbouring country Pakistan?

India TV News Desk India TV News Desk
New Delhi Updated on: August 13, 2019 6:43 IST
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Gold price in Pakistan

Gold is considered as the best investment for the future. As festivals and wedding seasons approach, gold prices are on peak. Well, gold price today is Rs 38,465 per 10g in the national capital. But, do you have an idea of gold rates in the neighbouring country Pakistan? 

Recently, Pakistan has opposed the Indian government's abrogation of Article 370 in Jammu and Kashmir, which has affected Pakistan's economy. According to a report, Imran Khan-led Pakistani government is already facing a huge economic crisis. Due to acute debt-crisis, fuel prices have already touched the sky in Pakistan, while the gold price has jumped twice what it costs in India.

However, days after PM Modi-led govt revoked Article 370--special status to Jammu and Kashmir, Pakistan posed impediments in its trade and commercial relations with India, resulting gold prices soaring to new highs in the country.

According to reports, the gold prices in Pakistan on August 9 surged to Rs 1,750 per 10 gms. As per Pakistan media reports, Gold per tola was sold for around Rs 87,000 in the country on Saturday and price for per 10 grams gold was Rs 74,588. 

Below is the table providing latest gold rates for several cities of Pakistan for 22 carat, 24 carat, 21 carat and 18 carat (dated 12 Aug, 2019 as per UrduPoint).

Location 24k 10g 24k per tola 22k 10g
Pakistan Rs 74,588 Rs 87,000 Rs 68,373
Karachi Rs 74,588 Rs 87,000 Rs 68,373
Lahore Rs 74,588 Rs 87,000 Rs 68,373
Islamabad Rs 74,588 Rs 87,000 Rs 68,373
Rawalpindi Rs 74,588 Rs 87,000 Rs 68,373
Peshawar Rs 74,588 Rs 87,000 Rs 68,373
Quetta Rs 74,588 Rs 87,000 Rs 68,373
Sialkot Rs 74,588 Rs 87,000 Rs 68,373

India on August 5, revoked Article 370 of the Constitution to withdraw the special status given to Jammu and Kashmir and bifurcated the state into two Union Territories -- Jammu and Kashmir, and Ladakh.

Soon after, Pakistan suspended the Samjhauta Express train and Thar Express train service with India. Pakistan's decision to suspend the services of the two trains came after it expelled Indian High Commissioner Ajay Bisaria on Wednesday and decided to downgrade the diplomatic ties with India over what it called New Delhi's "unilateral and illegal" move to revoke the special status of Jammu and Kashmir.

ALSO READ: After Samjhauta and Thar Express, Pakistan now suspends Delhi-Lahore bus service

ALSO READ: After Samjhauta and Thar Express, Pakistan now suspends Delhi-Lahore bus service

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