Karachi, February 19, 2026 – Gold prices in Pakistan witnessed a significant surge on Thursday, rising by Rs7,900 per tola as global gold markets reacted to escalating tensions between Iran and the United States.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold in local bullion markets increased to Rs523,962 per tola, up from the previous day’s closing of Rs516,062. Meanwhile, 24-karat gold per 10 grams climbed by Rs6,773 to close at Rs449,212, compared to Rs442,439 recorded on Wednesday.
Market analysts noted that the surge reflects growing geopolitical uncertainties and ongoing global trade disputes, which have historically driven investors toward gold as a safe-haven asset. The domestic rise comes after gold prices in Pakistan reached an all-time high of Rs572,862 per tola on January 29, 2026.
International gold markets mirrored the trend, with prices increasing by $79 per ounce to close at $5,012, up from $4,933. Experts highlighted that tensions in the Middle East often trigger volatility in global commodities, particularly precious metals.
Investors and traders are closely monitoring the situation, as prolonged geopolitical strains could push gold prices even higher in the coming days. Bullion market participants advise cautious trading amid these fluctuations.
With gold prices continuing to climb, Pakistanis are expected to watch both domestic and international markets closely for further developments.