Karachi, February 7, 2026: Gold prices in Pakistan recorded a sharp increase on Saturday, with the rate of 24-karat gold rising by Rs11,700 per tola, driven by strong upward momentum in the international bullion markets.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola surged to Rs519,462, up from the previous day’s closing of Rs507,762 in the local markets. Despite the latest jump, domestic gold prices remain below the all-time high of Rs572,862 per tola, which was recorded on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams increased by Rs10,030 to settle at Rs445,354, compared to Rs435,324 in the previous session. The sharp rise reflects heightened demand for the safe-haven asset amid persistent global economic uncertainty.
Bullion market experts attributed the surge in local gold prices to rising international rates, fueled by ongoing geopolitical tensions, trade disputes, and concerns over global economic stability. These factors have prompted investors to seek refuge in gold, traditionally considered a hedge against inflation and financial volatility.
In the international markets, gold prices surged by $117 to close at $4,967 per ounce, compared to $4,850 in the previous trading session. Analysts noted that expectations of prolonged high interest rates, coupled with geopolitical risks, have kept precious metal prices volatile.
Market participants in Pakistan expect gold prices to remain volatile in the coming days, as global economic developments, currency movements, and investor sentiment continue to influence bullion rates.