The Gold Rate in Pakistan today ranges between ₨ 361,000 and ₨ 378,500 per tola for 24k gold, while 22k gold is available between ₨ 331,000 and ₨ 347,000 per tola. Similarly, the 10-gram gold rate stands between ₨ 309,000 and ₨ 325,000 for 24 carat.
Many people are interested in knowing what the Gold Rate in Pakistan was in 2020, as it highlights the significant impact of COVID-19 on the country’s economy and shows how much gold prices have surged over the past five years.
- The January 2020 gold rate in Pakistan was about ₨ 93,400 per tola (24 carat).
- During the year, gold moved sharply with local and global conditions.
- What was the gold rate in Pakistan in 2020 22k: around ₨ 106,499 per tola in October.
- What was the gold rate in Pakistan in 2020 24 carat: reached ₨ 116,167 per tola in October and touched ₨ 128,700 per tola in August.
- What was the gold rate in Pakistan in 2020 per tola: prices ranged from ₨ 93,000 to over ₨ 128,000 through the year.
Fluctuations in 2020 Gold Market
The gold rate did not stay stable in 2020. Below are the major shifts:
- January 6, 2020: ₨ 93,400 per tola (24 carat)
- March 19, 2020: lowest level around ₨ 233,852 per ounce
- August 5, 2020: peak at ₨ 128,700 per tola (24 carat)
- October 16, 2020: 22k ~₨ 106,499 per tola; 24 carat ~₨ 116,167 per tola
COVID-19 Impact on Pakistan Gold Market
The outbreak of COVID-19 reshaped the investment landscape in Pakistan. As the economy slowed, the stock market crashed, and the local currency lost value, investors shifted their focus to gold as a safe and reliable asset, driving the demand and prices to new heights.
- COVID-19 impact on Pakistan pushed gold to record highs in mid-2020.
- Demand rose in August 2020 when uncertainty was high.
- What was the gold rate in Pakistan in 2020 per tola during the peak showed gold above ₨ 128,000, compared to less than ₨ 94,000 at the start of the year.
- The impact of COVID-19 on economy of Pakistan made gold one of the most reliable assets in that period.
Key Takeaways
- In January 2020, the gold rate in Pakistan was just ₨ 93,400 per tola, while today it has surged to over ₨ 370,000 per tola.
- A closer look at the gold rate in Pakistan in 2020 (22k and 24k) clearly shows how quickly prices skyrocketed within a few years.
- Between 2020 and 2025, gold prices in Pakistan have increased nearly four times.
- The impact of COVID-19 on Pakistan’s economy directly contributed to the sharp rise in gold demand and prices during 2020.
Frequently Asked Questions About 2020 vs Today
What was the Gold Rate in Pakistan in 2020?
In January 2020, the gold rate in Pakistan was around ₨ 93,400 per tola for 24k, showing how affordable it was compared to today’s rates above ₨ 370,000.
How much have gold prices increased since COVID-19?
Since the COVID-19 outbreak in 2020, the gold rate in Pakistan has nearly quadrupled within five years due to economic uncertainty, currency depreciation, and rising global demand.
Why did people in Pakistan invest more in gold during COVID-19?
During the pandemic, the stock market crashed and the rupee weakened, making gold a safe investment option. As a result, the gold rates in Pakistan rose sharply.