Karachi, January 21, 2026 – Gold prices in Pakistan surged to an all-time high on Wednesday, with the rate of 24-karat gold reaching a historic Rs506,362 per tola for the first time ever. The sharp increase reflects a strong rally in international bullion markets, driven by ongoing global economic and geopolitical uncertainties.
According to market data, the price of 24-karat gold per tola jumped by Rs12,700 compared to the previous day’s closing of Rs493,662 in local markets. This significant rise highlights growing investor demand for safe-haven assets amid volatile global conditions.
Similarly, the price of 24-karat gold per 10 grams also recorded a notable increase. It climbed by Rs10,888 to settle at Rs434,123, up from Rs423,235 a day earlier. The surge has had a direct impact on the domestic bullion market, affecting jewelers, traders, and consumers alike.
Bullion market experts attributed the sharp rise in Pakistan’s gold prices to the unprecedented rally in international markets. They noted that escalating geopolitical tensions, uncertainty surrounding global trade policies, and concerns over economic stability have pushed investors toward gold as a safe investment option.
In the international market, gold prices recorded a massive single-day increase of $127, reaching a new peak of $4,840 per ounce, compared to the previous closing of $4,713. The continued upward trend in global gold prices is expected to keep domestic rates elevated in the near term, analysts said.