Karachi, January 24, 2026 – Gold prices in Pakistan shattered previous records on Saturday, hitting an all-time high of Rs521,162 per tola, marking an unprecedented surge in the local market.
The All Pakistan Sarafa Gems and Jewelers Association reported that 24-karat gold per tola jumped by Rs6,500 compared to Friday’s closing of Rs514,662, reflecting a frenzied buying trend among investors.
In addition, 24-karat gold per 10 grams surged by Rs5,573, soaring to Rs446,812 from Rs441,239 in the domestic markets. Analysts link this meteoric rise to heightened demand for safe-haven assets as global economic uncertainties persist, coupled with expectations of easing monetary policy in the United States.
As Pakistan remains a net importer of gold, fluctuations in international gold prices directly impact domestic markets. The global gold benchmark surged by $65 to hit a record $4,988 per ounce from the previous $4,923, further fueling the local rally.
Market experts warn that this surge could continue as investors increasingly turn to gold to hedge against inflation and currency volatility. Jewelers across the country are witnessing an unprecedented rush, making this a historic moment for the Pakistani gold market.
With gold reaching never-before-seen levels, consumers and investors alike are keeping a close eye on both local and international trends, making this record-breaking surge a major headline in Pakistan’s financial markets.