Gold prices in Pakistan bounced back sharply on Wednesday, resuming their record-breaking rally after a brief pause a day earlier. The sudden jump stunned buyers as rates climbed to a fresh all-time high in the local market.
According to the All Pakistan Gems and Jewellers Sarafa Association, the price of gold surged by Rs21,100 per tola in a single session. This pushed the rate to an unprecedented Rs551,662 per tola, wiping out Tuesday’s modest decline and extending January’s volatile run.
The price of 24-karat gold per 10 grammes also saw a hefty rise of Rs18,000 to reach Rs472,961. Meanwhile, 22-karat gold was recorded at Rs433,563 per 10 grammes following the latest increase.
Silver prices moved higher as well. The rate of 24-karat silver climbed to Rs11,911 per tola, up Rs271, while the price per 10 grammes rose by Rs232 to Rs10,211.
Brief pause before another surge
Just a day earlier, the gold market had taken a breather. On Tuesday, prices dipped by Rs1,500 per tola, settling at Rs530,562. Many buyers had hoped the drop might bring some relief. However, Wednesday’s sharp rebound showed the pause was short-lived.
The local surge mirrored strong gains in international markets. Gold crossed the $5,200 mark for the first time on Wednesday and came close to $5,300 as the US dollar slid to a near four-year low. Ongoing geopolitical tensions and investor caution ahead of a US Federal Reserve policy decision continued to support demand for the safe-haven metal.
Spot gold climbed 1.8 percent to $5,279.94 per ounce by 0733 GMT, after touching a record high of $5,285.35 earlier in the session. Prices have gained more than 20 percent since the start of the year. US gold futures for February delivery jumped 3.8 percent to $5,274.80 per ounce.
A volatile January
Gold prices in Pakistan have seen sharp swings throughout January 2026, with repeated gains outweighing brief pullbacks. From Rs454,562 per tola on January 1, rates have climbed by nearly Rs100,000 within the same month, highlighting the pace and intensity of the rally.
With global uncertainty still in play, market watchers say gold prices are expected to remain volatile in the days ahead, keeping buyers and investors on edge.
Gold price in Pakistan throughout January 2026
January 28, 2026: Gold price jumped Rs21,100 per tola to Rs551,662.
January 27, 2026: Gold price dropped Rs1,500 per tola to Rs530,562.
January 26, 2026: Gold price increased Rs10,900 per tola to Rs532,062.
January 24, 2026: Gold price gained Rs6,500 per tola to hit Rs521,162.
January 23, 2026: Gold price increased Rs9,100 to hit Rs514,662 per tola.
January 22, 2026: Gold price dipped Rs800 per tola to Rs505,562.
January 21, 2026: Gold gained Rs12,700 per tola to hit Rs506,362.
January 20, 2026: Gold price increased Rs4,300 to Rs493,662 per tola.
January 19, 2026: Gold price gained Rs7,500 to hit Rs489,362 per tola.
January 17, 2026: Gold rate declined Rs600 to hit Rs481,862 per tola.
January 16, 2026: Gold price remained stable at Rs482,462 per tola.
January 15, 2026: Gold price dipped Rs3,700 to hit Rs482,462 per tola.
January 14, 2026: Gold price jumped Rs4,300 per tola to Rs486,162.
January 13, 2026: Gold rate increased Rs900 per tola to hit Rs481,862.
January 12, 2026: Gold price rose Rs7,700 per tola to Rs480,962.
January 10, 2026: Gold price surged Rs3,700 per tola to Rs473,262.
January 9, 2026: Gold price increased Rs3,400 per tola to Rs469,562.
January 8, 2026: Gold price dropped by Rs600 per tola to Rs466,162.
January 7, 2026: Gold dropped by Rs1,200 per tola to Rs466,762.
January 6, 2026: Gold rose by Rs3,200 per tola to Rs467,962.
January 5, 2026: Gold gained Rs9,200 per tola to settle at Rs464,762.
January 3, 2026: Gold fell by Rs4,700 per tola to Rs455,562.
January 2, 2026: Gold increased by Rs5,700 per tola to Rs460,262.
January 1, 2026: Gold declined by Rs2,400 per tola to Rs454,562.
