Karachi, January 19, 2026 – Gold prices in Pakistan surged to an all-time high on Monday, reaching Rs489,362 per tola, driven by rising trends in international markets and geopolitical tensions.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJ), the price of 24-karat gold per tola increased by Rs7,500, climbing from the previous closing of Rs481,862. The earlier record was set on January 14, 2026, when gold reached Rs486,162 per tola. Meanwhile, 24-karat gold per 10 grams also saw a significant rise, up by Rs6,431 to Rs419,549 from the last closing of Rs413,118.
Bullion market analysts attributed the surge in domestic gold prices to rising global trade disputes, geopolitical tensions, and stronger demand for safe-haven assets. International gold prices rose by $75 per ounce, reaching $4,670 from $4,595, further fueling the increase in local markets.
As Pakistan is a net importer of gold for jewelry manufacturing and export, fluctuations in international gold prices directly influence the domestic market. Experts warn that continued global uncertainty may push gold prices even higher in the coming weeks, impacting both investors and jewelry buyers.
With the record-breaking rise, gold remains a popular investment option in Pakistan, particularly during periods of economic volatility and currency fluctuations. Investors and traders are closely monitoring both international and domestic trends to make informed decisions in the precious metals market.