Karachi, February 3, 2026 – Gold prices in Pakistan staged a strong rebound on Tuesday, surging by Rs24,000 per tola after suffering a sharp correction during the previous three trading sessions, reflecting renewed strength in the international bullion market.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola climbed to Rs514,362, compared with the previous day’s closing of Rs490,362 in the local markets. The recovery follows a steep decline recorded earlier, when gold prices had dropped by Rs82,500, or nearly 18 percent, from the all-time high of Rs572,862 per tola reached on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams increased by Rs20,576, settling at Rs440,982, up from Rs420,406 in the preceding session. Market participants noted that the sharp upward movement revived investor interest after recent heavy selling pressure.
Bullion market experts attributed the rebound in domestic gold prices primarily to a strong recovery in global gold markets, where prices rose amid heightened uncertainty. They said ongoing geopolitical tensions, concerns over global trade disputes, and expectations surrounding monetary policy have kept gold prices highly volatile, boosting demand for the safe-haven asset.
In the international market, gold prices jumped by $240, closing at $4,916 per ounce, compared with the previous session’s close of $4,676 per ounce, providing further support to local bullion prices.