KARACHI (January 24, 2026): In an unprecedented surge, gold prices in Pakistan have shattered all previous records, with the price per tola jumping by Rs. 6,500 to cross the monumental Rs. 520,000 mark.
According to market details, both international and local bullion markets witnessed a historic rally. In the local market, the price of 24-karat gold rose by Rs. 6,500, reaching a staggering Rs. 521,162 per tola. Similarly, the price for 10 grams of gold increased by Rs. 5,573, settling at Rs. 446,812.
Global Market Impact
The domestic hike mirrors a massive spike in the international arena where global gold prices rose by $65, reaching $4,988 per ounce. Meanwhile, following the gold trend, local silver prices increased by Rs. 526, bringing the rate to Rs. 10,801 per tola.
Why are prices skyrocketing?
Market experts attribute this surge to extreme volatility in the global market and currency fluctuations. Historically, gold is viewed as a “safe-haven” investment. During periods of high inflation, political tension, or economic instability, investors pivot away from volatile assets and pour capital into gold to preserve wealth.
The Pricing Mechanism
It is worth noting that last year, Pakistan revised its gold pricing formula. Under the current mechanism, the local gold rate is set at $20 per ounce higher than the prevailing international market rate to account for domestic economic variables.
