Gold holds great importance as an investment value and for jewellery as well. Today, the Gold Rate In Pakistan is Rs 284800 per tola of 24 karat gold. Price varies according to different purity levels. That is why the purity level needs to be understood before investing in gold. The gold rate per Tola in Pakistan today is Rs 285,000.000
It has a 75 percent purity level. It is mixed with copper, silver, and zinc.
It is more durable than the 22k and is mainly used in designs in gold jewelry.
14 karat gold
Characteristics
It has a 58 percent purity level.
It is a mixture of 14k gold and looks duller than the above-described gold levels, with silver and copper.
It is Durable and affordable
10 karat gold
Characteristics
It has 42.7 percent purity.
This is considered as least pure form of gold.
This is considered the least pure form of gold.
Pure Gold characteristics :
24-karat gold is considered pure gold and thus has the following characteristics:
Physical character :
Color: Pure gold appears yellow. 22k is also yellowish, dull, or pale yellow compared to others.
Softness and malleability: This is also one of these properties that pure gold cannot use in jewelry, which is why some other metals are mixed to make it more durable.
Non-tarnishing: Pure gold does not rust or corrode. This makes this metal unique because it can be stored and is not affected by moisture.
Density: Pure gold is heavy because of its high density.
Chemical character :
Inertness: Gold is inert, which means it does not react chemically.
Conductivity: It is an excellent conductor of heat and electricity, making it valuable for electronics and industrial applications.
Factors determining Gold price:
Demand and supply: High demand or desire for jewelry, investment, or industrial use limits the supply of pure gold, which directly affects gold prices. The limited supply increases gold prices. Mining output and availability also influence supply.
Economic stability: Gold is an asset for investors. When economic disasters seem to be higher due to political reasons, investors turn to gold, and this leads to sudden fluctuation in gold prices.
Inflation: When inflation arises, the currency’s value decreases, and the gold price automatically increases.
Currency fluctuations: Gold prices are linked to U.S. dollar prices. A weaker dollar decreases the price of gold in other countries.
Central bank policies: Central bank gold reserves and other related settlements influence the gold price.
Geopolitical event: Political tension, wars, or other global crises can lead to a surge in gold prices as it is seen as a safe haven.
Investment demand: Demand for gold as an investment product also influences the price.
Jewelry and cultural demand: Different countries like China,pakistan, and India have a particular demand for jewelry as cultural concepts related to it.
Mining cores: The cost of extracting gold [labor, energy, and technology ] also affects the gold price.
Speculations: Trading activities by investors can also lead to short-term fluctuations
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