Karachi, February 21, 2026 – Gold prices in Pakistan extended their bullish momentum for the fourth consecutive session on Saturday, surging by Rs7,100 per tola amid heightened global geopolitical and economic uncertainties.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola climbed to Rs533,562, compared with the previous day’s closing of Rs526,462 in the local bullion markets. Despite the strong rally, the current rates remain below the all-time high of Rs572,862 per tola recorded on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams rose by Rs6,087 to settle at Rs457,443, up from Rs451,356 a day earlier, reflecting sustained buying interest and tight supply conditions in the domestic market.
Bullion market analysts attributed the sharp rise in local gold prices primarily to gains in the international markets. They said that escalating tariff disputes in the United States and rising tensions between Iran and the US have increased investor demand for safe-haven assets, pushing gold prices higher globally.
In the international bullion markets, gold prices jumped by $71 per ounce to close at $5,108, compared to the previous day’s closing of $5,037. Market participants noted that ongoing geopolitical risks, concerns over global economic stability, and expectations of easing monetary policies by major central banks have further strengthened the appeal of gold.
Traders in Pakistan expect gold prices to remain volatile in the near term, closely tracking movements in global markets and currency fluctuations. They advised investors and consumers to monitor international developments and exchange rate trends, as these factors are likely to play a decisive role in determining future price movements in the domestic bullion market.