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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Donald Trump has imposed 50% tariff on India’s exports, which will directly affect Indian exporters and workers and can pose a threat to millions of jobs. However, the Modi government has prepared a strategy to deal with this situation. Like the relief schemes implemented during the Kovid lockdown, people and businesses will be given relief through new schemes. Also, work on long -term strategies to find a new market from America and strengthen the global supply chain is going on.

According to the report of Hindustan Times, two senior officials said that the government is first focusing on finding a solution to the cash crisis. Along with this, work is being done on covid-style schemes to save export and employment. Trump’s tariff can cause many problems, such as delay in payment, non -supply of goods, or cancellation of order. The aim of the government is that the exporters should be given necessary relief to continue the operation till the new market is discovered.

Government can announce relief package

According to officials, the government can again bring such relief packages like Corona was given during the lockdown. This is especially necessary for small and medium industries because they are facing cash problems. The government will pay attention to schemes like Emergency Credit Line Guarantee Scheme (ECLGS), in which 100% guarantee will be given loans without bail. This will save millions of small and medium industries from bankruptcy. In the lockdown, the same scheme rescued industries even after the industry was closed for 68 days.

Officials said that these schemes can be changed according to the current situation and its needs. The government will provide immediate relief as well as implement schemes in a phased manner so that long-term strategy can also be prepared. Apart from providing cash, strengthening the existing trade agreements and finding opportunities in the new market will also be faster.

GST will also get relief

Officials said that the government is also considering many reliefs related to tax, including GST reform. Many decisions related to tax reduction and improvement can be taken in the GST Council meeting to be held next week. He also said that due to the strength of the domestic market, India’s economy is safe and tariffs like external factors will not affect it much.

Officials said that the Indian economy remains strong and flexible due to domestic consumption. Although export plays an important role in economic development, it is only a small part of the country’s total GDP of 4.12 trillion dollars. The contribution of exports to the total GDP is about 10% i.e. $ 438 billion. For this reason, India’s economic growth rate was recorded at 7.8% even in the June quarter.

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Fitch forecasts india gdp growth: Fitch Ratings have retained India’s credibility on ‘BBB-‘ with a stable landscape with a growth rate and strong financial position on the external front. The 50% US fee proposed on India is expected to have a slight negative impact on the 6.5 percent growth rate of its GDP (GDP) for the current financial year 2025-26. Fitch said, “If the proposed goods and service tax (GST) reforms are adopted, it will promote consumption and reduce some risks related to increase.”

The Center has proposed a rate of 40 percent for five to seven items as well as a second for five to seven items along with a bila-level tax structure of five and 18 percent for goods and services for the ministers set up on rationalization of GST rates. This proposal includes abolition of the existing 12 and 28 percent tax ‘slab’.

US agency seal on India’s growth

Fitch said, “India’s rating has its strong growth and solid external financial status.” BBB-“is the lowest investment category rating. This rating has come within a fortnight of ‘BBB’ by increasing India’s credit rating by the global rating agency S&P. It is worth noting that on August 14, S&P Global Ratings increased India’s credibility from ‘BBB-‘ to ‘BBB’. S&P has increased India’s credibility for the first time in 18 years.

Another global rating agency Morning DBRS had increased India’s rating to ‘BBB’ in May this year citing structural reforms. The agency has estimated to be 6.5 percent of the growth rate of GDP (GDP) in FY 2025-26, which is similar to the financial year 2024-25 and is above the average ‘BBB’ of 2.5 percent. It said that India’s economic scenario remains stronger than equivalent countries, although its pace has slowed down in the last two years.

Tariff will not affect

The agency said that it has estimated a growing capacity of 6.4 percent in the moderate period due to strong public capital expenditure, increase in private investment and favorable demographics. Fitch said, “If the proposed Goods and Services Tax (GST) reforms are adopted, it will boost consumption and reduce some risks related to growth.” The rating agency, however, has expressed concern over the fiscal front, citing high deficit and debt compared to the countries of the ‘BBB’ category.

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