Karachi, January 12, 2026 – Gold prices in Pakistan surged to a historic peak on Monday, touching an all-time high of Rs480,962 per tola, driven by strong domestic demand and a sharp upward trend in the international bullion markets.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold per tola jumped by Rs7,700, rising from the previous day’s closing of Rs473,262 in local markets. This latest surge has surpassed the earlier record of Rs475,662 per tola, which was recorded on December 27, 2025, marking a new milestone for Pakistan’s bullion market.
Similarly, the price of 24-karat gold per 10 grams witnessed a substantial increase of Rs6,602, climbing to Rs412,347 from Rs405,745 in the previous session. Market analysts noted that the persistent rise reflects heightened investor interest in gold as a safe-haven asset amid global uncertainty.
Bullion traders and market experts attributed the sharp rally in local gold prices to escalating geopolitical tensions, ongoing international trade disputes, and volatility in global financial markets. Pakistan relies heavily on imported gold to meet demand for jewelry manufacturing and investment purposes, making domestic prices highly sensitive to movements in international rates and currency fluctuations.
On the global front, gold prices soared to a record $4,586 per ounce, gaining $77 from the previous close of $4,509. The continued strength in international gold markets has further fueled bullish sentiment locally, with traders expecting prices to remain elevated in the near term if global uncertainties persist.