By Admin 
India vs Pakistan Gold Price: There has been a big decline in gold prices in India recently. Let us tell you that in the domestic market, the price of 10 grams of 24 carat gold has fallen by more than ₹ 10,000 in just 10 days. Meanwhile, let us know what is the condition of gold rates in Pakistan amid falling gold prices in India. Let us know the rates of one tola gold in both the countries.
gold price in india
Gold prices have softened due to stable economic situation and controlled inflation in India. According to recent prices, the price of 24 carat gold has become approximately Rs 1,20,419 per 10 grams. Now since one tola is approximately equal to 11.66 grams, the price of one tola of 24 carat gold will be Rs 1,39,839.68. If we talk about 22 carat gold, its price is ₹ 1,10,300 per 10 grams.
gold prices in pakistan
A decline in gold prices has also been seen in Pakistan. But despite this, the price of gold there is such that even a car can be bought in India. The price of one tola of 24 carat gold in Pakistan is approximately 4,20,500 Pakistani rupees. With this, the price of 10 grams of gold there is 3,60,520 Pakistani rupees.
Why is gold so expensive in Pakistan?
The reason behind this is quite clear and that is the economic instability of Pakistan. There has been a huge decline in the Pakistan Rupee against the US Dollar. Because of which the price of gold is so high. Now, because the price of gold at the international level is fixed in dollars, due to the weak rupee there is a direct increase in the domestic cost.
Along with this, high inflation is another big reason. As the prices of essential commodities increase, people turn to gold as a safe investment. This increases the demand even more. Apart from this, geopolitical tensions of Pakistan contribute a lot to the financial uncertainty. Because of this, investors are motivated to keep their assets safe in gold instead of currency or shares.
India has stable monetary policies, strong currency position and much better control on inflation than Pakistan and this gives a big advantage. At the same time, Pakistan is struggling with problems like economic recession, limited foreign exchange reserves, rising import bill and high cost of living. This is the reason why these circumstances increase the price of domestic gold and due to which the price difference between the two countries is increasing.
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