Gold Prices Rise Again Across Pakistan as Bullion Hits Fresh All-Time Highs
Gold prices in Pakistan surged sharply for the second consecutive day, pushing the local bullion market to new record levels. On Saturday, January 10, 2026, the price of 24-karat gold jumped by Rs. 3,700 per tola, reflecting intense buying pressure driven by a powerful rally in the international market.
According to All Pakistan Gems and Jewellers Association, the domestic upswing mirrors global investor sentiment, where gold has once again emerged as the ultimate safe-haven asset amid geopolitical uncertainty, currency volatility, and shifting monetary policies.
Latest Gold Rates in Pakistan (January 10, 2026)
The revised prices across major cities—including Karachi, Lahore, Islamabad, and Faisalabad—stand as follows:
| Gold Purity | Rate per Tola (PKR) | Rate per 10 Grams (PKR) |
|---|---|---|
| 24-Karat | Rs. 473,262 | Rs. 405,745 |
| 22-Karat | Rs. 433,824 | Rs. 371,946 |
| 21-Karat | Rs. 414,104 | Rs. 355,027 |
| 18-Karat | Rs. 354,946 | Rs. 304,309 |
Market Insight: This marks one of the steepest two-day gains in recent months, reinforcing gold’s status as Pakistan’s preferred hedge against inflation and currency risk.
Global Market Impact: Why Prices Are Soaring
The domestic rally is a direct spillover from the international bullion market, where gold climbed $37 per ounce to settle near $4,509 per ounce.
Key Global Drivers
- Safe-Haven Demand: Escalating geopolitical tensions and economic uncertainty are pushing investors away from equities and toward physical gold.
- US Dollar Volatility: A softer, fluctuating dollar makes gold cheaper for non-USD buyers, boosting global demand.
- Central Bank Buying: Several central banks continue to add gold to reserves, reinforcing long-term bullish sentiment.
Analysts note that sustained trading above $4,500/oz keeps the door open for a potential test of the $5,000 psychological level later in 2026.
Silver Prices Also Climb
Silver mirrored gold’s bullish momentum, posting solid gains in the local market:
- Silver per Tola: Rs. 8,465 (▲ Rs. 270)
- Silver (10 Grams): Rs. 7,257 (▲ Rs. 232)
The rise in silver underscores broader precious-metals optimism, driven by both investment demand and industrial use expectations.
Why Pakistan’s Investors Are Turning to Gold
Several local factors are amplifying the global trend:
- Inflation Hedge: Persistent inflation keeps gold attractive as a store of value.
- Currency Protection: With PKR volatility, households increasingly prefer gold to preserve purchasing power.
- Cultural Demand: Wedding season buying adds structural support to prices, especially for 22-karat jewelry.
Market Outlook: What Comes Next?
Bullion experts suggest that if international prices hold above $4,500, Pakistan could soon see:
- 24-Karat Gold: Rs. 480,000+ per tola in the near term
- Sustained Volatility: Short-term pullbacks are possible, but the trend remains decisively bullish
Buyer Advice
- Investors: Consider staggered buying to manage volatility.
- Consumers: Expect higher jewelry prices; plan purchases accordingly.
