Gold prices in Pakistan climbed to a fresh all-time high on Thursday, leaving buyers uneasy as rates continued their sharp upward run.
In the local market, the price of gold per tola jumped by Rs21,200 to reach Rs572,862, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association. The price of 10-gram gold also rose sharply, gaining Rs18,175 to settle at Rs491,136.
The latest surge followed another strong increase a day earlier, when gold per tola rose by Rs21,100 to close at Rs551,662, showing how quickly prices have moved in just two days.
Internationally, gold prices also pushed higher. The global rate climbed by $212 to $5,505 per ounce, including a $20 premium. Spot gold extended its rally, briefly touching a new record near $5,600 an ounce, as investors looked for safe options amid ongoing economic and geopolitical concerns.
Silver prices moved up as well, with local rates rising by Rs264 to Rs12,175 per tola.
At the start of 2026, the price of gold in Pakistan stood at Rs456,962 per tola. In less than a month, it has climbed by more than Rs115,000 per tola, showing how strong the upward trend has been since January began.
Why gold prices are rising so fast
The sharp rise in today gold prices in Pakistan is closely linked to global trends. In the international market, gold continued its strong run on Thursday, trading close to $5,600 an ounce as investors moved towards safer assets. Spot gold rose 3 percent to $5,560.07 an ounce by early morning GMT, after touching a new all-time high of $5,594.82. Gold has now hit record levels for nine sessions in a row.
Market analysts say global uncertainty is playing a key role. Ongoing geopolitical tensions, economic worries, and political uncertainty in the US have pushed investors away from riskier assets. Concerns about the independence of the US Federal Reserve have also shaken confidence, which often sends investors towards gold.
Silver has also seen a strong jump, crossing $120 an ounce, showing that precious metals as a whole are in demand.
Record-breaking jump in local market
In the previous session, gold prices in Pakistan saw a single-day surge that broke all records. The price of one tola rose by Rs21,100 to reach Rs551,662, while the 10-gramme rate jumped Rs18,090 to Rs472,961. Such sharp daily increases are rare and highlight how tense the market has become.
For local buyers, this rapid rise has made gold much less affordable. Many jewellers report slower sales, while investors continue to watch prices closely, expecting further movement.
Gold price movement in January 2026
Gold prices have shown strong swings throughout January. After starting the year at Rs454,562 per tola on January 1, prices moved up and down before gaining strong momentum in the final week. The biggest jump came on January 28, when gold surged by Rs21,100 per tola to reach the current record of Rs551,662.
Despite a few brief drops during the month, the overall trend has remained upward, driven by global market pressure and safe-haven demand.
With international gold still near record levels, today gold prices in Pakistan are expected to stay volatile in the coming days. Buyers and investors are advised to keep a close eye on both global cues and local market updates before making any decisions.
