Karachi, February 4, 2026 – Gold prices in Pakistan witnessed a sharp upward jump on Wednesday, reflecting strong momentum in international bullion markets. The price of 24-karat gold surged by Rs14,800 per tola to settle at Rs529,162, according to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA).
A day earlier, 24-karat gold was priced at Rs514,362 per tola, highlighting the scale of the single-day increase. Despite the latest rise, local gold prices remain below the all-time high of Rs572,862 per tola, which was recorded on January 29, 2026.
In line with the per tola increase, the price of 24-karat gold per 10 grams also climbed sharply. It rose by Rs12,689 to reach Rs453,671, compared to the previous closing level of Rs440,982 in Pakistan’s domestic bullion markets.
Market analysts attributed the strong rally in local gold prices to a significant uptick in international markets. Ongoing geopolitical tensions, global trade disputes, and economic uncertainty have increased demand for gold as a safe-haven asset, keeping prices volatile worldwide.
On the global front, gold prices jumped by $148 per ounce, reaching $5,064, up from the previous day’s close of $4,916. Experts believe continued uncertainty in global financial markets may sustain upward pressure on gold prices in the near term.
With both international and domestic trends pointing higher, investors and jewelers in Pakistan remain closely watchful of further movements in gold rates.