Karachi, January 9, 2026 — Gold prices in Pakistan recorded a sharp increase on Friday, climbing by Rs3,400 per tola in line with a strong upward trend in the international bullion markets. The surge reflects growing investor demand for safe-haven assets amid ongoing global economic and geopolitical uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold rose to Rs469,562 per tola in the local market, compared to the previous day’s closing of Rs466,162. Despite the latest increase, prices remained below the all-time high of Rs475,662 per tola, which was recorded on December 27, 2025.
Similarly, the price of 24-karat gold per 10 grams also moved higher, increasing by Rs2,915 to reach Rs402,573, up from Rs399,658 in the preceding session. The steady rise in domestic gold rates has added to concerns among consumers and jewelers, especially ahead of the upcoming wedding season when demand typically strengthens.
Bullion market experts attributed the increase in local gold prices to gains in the international market. They noted that heightened geopolitical tensions, uncertainty surrounding global trade policies, and concerns over inflation and interest rate trajectories have kept gold prices volatile worldwide.
In the international market, gold prices surged by $34 per ounce, closing at $4,472 compared to $4,438 in the previous session. Analysts believe that continued instability in global financial markets may further support gold prices in the near term.
Market participants in Pakistan are closely monitoring international developments, as any further rise in global bullion rates could push domestic gold prices to new record levels in the coming days.