Karachi, January 14, 2026 – Gold prices in Pakistan surged to a historic peak on Wednesday as investors rushed toward safe-haven assets amid escalating global uncertainty. The sharp rally reflects growing risk aversion in financial markets, driven by geopolitical developments and renewed concerns over international trade stability.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold climbed by Rs4,300 per tola to reach an all-time high of Rs486,162, surpassing the previous record of Rs481,862. The surge marks one of the steepest single-day increases in recent months, highlighting strong domestic demand for bullion as a store of value.
Similarly, the price of 24-karat gold per 10 grams jumped by Rs3,687 to settle at Rs416,805, compared to Rs413,118 recorded in the previous session. Market participants noted that local prices closely tracked international trends, amplified by currency volatility and inflationary expectations at home.
Bullion dealers said the rally was largely fueled by rising geopolitical tensions, including unrest linked to protests in Iran and a strong policy statement issued by the US president. These developments, combined with ongoing global trade disputes, prompted investors worldwide to seek refuge in precious metals.
In the international market, gold prices climbed by $43 to touch a record $4,638 per ounce, up from $4,595 a day earlier. Analysts believe that if geopolitical risks persist, gold prices in Pakistan may remain elevated in the near term, despite short-term profit-taking pressures.