Gold prices in Pakistan climbed to a fresh record on Monday, extending a strong rally that has already added more than Rs17,000 per tola over the past week.
In the local market, gold was sold at Rs480,962 per tola after rising by Rs7,700 in a single day. Traders said buying remained strong as investors looked for safer places to park their money amid global uncertainty.
The price of 10 gramme gold also moved higher. It increased by Rs6,602 to reach Rs412,347, according to figures released by the All Pakistan Gems and Jewellers Sarafa Association.
The latest jump came after another sharp rise at the weekend. On Saturday, gold closed at Rs473,262 per tola following a gain of Rs3,700 during the day. Jewellers said demand stayed firm despite record prices, driven by fears of further global shocks and currency risks.
Silver followed the same path. Its price rose by Rs430 to hit Rs8,895 per tola, marking a new all time high in the local market.
Gold crosses $4,600 mark in global market
The surge in Pakistan mirrors strong gains in international markets. Global gold prices climbed sharply on Monday, breaking through the $4,600 per ounce mark for the first time.
Spot gold rose 1.7 percent to $4,584.74 per ounce by early morning trading. Prices touched a record high of $4,600.33 earlier in the session. US gold futures for February delivery gained 2.1 percent to $4,595.30 per ounce.
Silver also reached a record level overseas, supported by the same factors driving gold higher.
Analysts say investors are turning to gold and silver as safe haven assets. Heightened geopolitical tensions and reports of a criminal probe linked to US Federal Reserve Chair Jerome Powell have added to market nerves.
With global uncertainty still high, traders expect precious metals to remain in focus in the days ahead, though some warn that sharp swings in prices cannot be ruled out.
Gold price movement in Pakistan since start of 2026
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.
