Gold has become even more expensive in Pakistan since the start of 2026, putting it further out of reach for many buyers. Prices climbed to a new record level on Tuesday, marking the second straight day of sharp gains in the local market.
According to the All Pakistan Gems and Jeweller Sarafa Association, the price of gold per tola rose by Rs900 to reach Rs481,862. This latest increase has pushed gold to its highest level ever recorded in the country.
The price of 10 gram gold also moved higher. It increased by Rs771 and was sold at Rs413,118, the association said. The steady rise reflects strong pressure from international markets, which continue to drive local prices upward.
On Monday, gold had already touched a historic level. During the previous trading session, the price per tola jumped by Rs7,700 to settle at Rs480,962. The back to back increases have raised concerns among consumers, especially those planning jewellery purchases for weddings and other events.
International gold prices have also surged in recent days. The global rate rose by $9 to reach $4,595 per ounce, including a premium. Strong demand for gold as a safe investment has played a key role in pushing prices higher worldwide.
Silver prices followed the same trend. In Pakistan, silver per tola increased by Rs180 to reach Rs9,075, adding to the cost pressure on buyers.
Global rally fuels local prices
The renewed rally in gold and silver has been driven by growing uncertainty in global politics and financial markets. Investors have been moving towards precious metals as a safer option, lifting prices to levels not seen before.
Gold has already gained more than 6 percent in just the first 13 days of 2026. The metal had a strong run last year as well, rising sharply and breaking several milestones along the way.
Major financial firms now expect gold prices to remain elevated through 2026. Some forecasts suggest prices could move even higher as geopolitical tensions, central bank buying and easier monetary policies continue to support demand.
Political uncertainty in the US and other parts of the world has added to investor caution. Concerns around the independence of the US Federal Reserve and fresh global tensions have further strengthened gold’s appeal as a safe store of value.
For consumers in Pakistan, the rising prices mean buying gold is becoming increasingly difficult. If the global trend continues, local rates are expected to stay high in the coming weeks.
Gold price movement in Pakistan since start of 2026
January 13, 2026: gold rate jumped 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.
