Karachi, January 28, 2026 – Gold prices in Pakistan soared to an all-time high on Wednesday, hitting Rs551,662 per tola, marking the largest single-day increase in the country’s history. According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJ), 24-karat gold surged by an unprecedented Rs21,100 in a single day, up from Tuesday’s closing of Rs530,562 per tola in domestic markets.
Similarly, the price of 24-karat gold per 10 grams witnessed a sharp rise of Rs18,090, reaching Rs472,961 from Rs454,871 recorded the previous day. This surge reflects growing demand and strong investor interest in gold as a safe-haven asset amid economic uncertainty.
Experts in the bullion market attributed the record-breaking gains to a combination of factors, including rising global gold prices, geopolitical tensions, and ongoing trade disputes affecting international markets. “The domestic gold market closely follows international trends, and today’s historic jump aligns with the global rally,” analysts said.
In international markets, gold also climbed to record highs, trading at $5,293 per ounce on Wednesday, up $211 from $5,082 the previous day. This global surge has directly impacted domestic prices in Pakistan, making gold the preferred choice for investors seeking stability amid fluctuating financial conditions.
With gold prices continuing to touch new peaks, jewelers and traders anticipate sustained market momentum, prompting investors to closely monitor both local and global developments.