Gold Prices increase to Rs.243350/- per tola on 20 May

After consistent increase in the prices of gold, today has been no different. The rate follows the ascending trend as this price has increased by Rs.950/-. The price of 22k gold has increased to is Rs. 223069, 21 karat rate for per tola is Rs. 212931 and 18k gold rate is Rs. 182513.00 for 1 tola as of today. These rates each differ by country as well. Lowest price is 243350 per tola in Karachi, 243400 per tola in Lahore, 243450 per Tola in Islamabad, 243500 per Tola in Peshawar. Highest Price for today is 243550 per tola in Quetta.

The fluctuating prices can be attributed to the economic instability; inflation/deflation. More importantly. since gold rates globally are related to the value of dollar, this direct relationship is a reflection of this increase.