Karachi, January 23, 2026 – Gold prices in Pakistan shattered previous records on Friday, surging to an all-time high of Rs514,462 per tola, as global market trends continue to fuel investor frenzy.
This dramatic spike reflects a surge of Rs9,100 in just a single day, according to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), leaping from Thursday’s close of Rs505,562. The previous record, set merely two days ago at Rs506,362 per tola, now seems like old news.
In January alone, gold prices have skyrocketed by Rs55,200, marking a staggering 12% jump from Rs459,462 per tola recorded at the end of December 2025. The surge is not limited to tola measurements: 24-karat gold per 10 grams jumped by Rs7,802, hitting Rs441,239 from Rs433,437.
Experts in the bullion market point to a combination of geopolitical tensions and global trade disputes as key drivers behind this historic upswing. The international markets mirrored this trend, with gold prices climbing $91 to reach $4,923 per ounce, up from $4,832, reinforcing Pakistan’s skyrocketing domestic rates.
Investors are rushing to secure gold as a safe-haven asset, amid global uncertainties, signaling that the precious metal could continue its meteoric rise in the coming days. With this record-breaking surge, Pakistanis are witnessing one of the most dramatic gold rallies in recent memory.