KARACHI: Gold prices in Pakistan experienced a massive jump on Wednesday, mirroring a significant rally in the international bullion market. In the local market, the price of gold per tola reached an unprecedented Rs.479,262 following a single-day gain of Rs15,200. This sharp upward trend has caught the attention of investors and consumers alike as the precious metal continues its volatile streak in 2026.
According to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price for 10-gram gold also saw a substantial increase. It was sold at Rs410,889 after rising by Rs13,031 during trading hours. This follows a high-growth session on Tuesday, where the price per tola had already climbed by Rs16,300 to reach Rs464,062. The consecutive price hikes highlight the ongoing pressure on the local currency and the direct impact of global commodity shifts on the Pakistani economy.
The surge is primarily attributed to the international rate of gold, which jumped by $152 to reach $4,565 per ounce, including a premium of $20. Analysts suggest that global economic uncertainty and shifts in central bank policies are driving investors toward safe-haven assets. As international prices climb, the domestic market in Pakistan remains highly sensitive, leading to these record-breaking figures in the local Sarafa markets of Karachi, Lahore, and Islamabad.
In addition to gold, the price of silver in Pakistan also witnessed a notable hike. Silver prices increased by Rs370 to reach Rs7,824 per tola, reflecting a broader trend of rising precious metal costs across the board. This surge in silver often impacts the local jewelry industry and small-scale investors who look for alternatives to gold.
Market experts advise buyers to keep a close eye on the daily rates issued by the APGJSA, as fluctuations remain high. With the international market showing no immediate signs of a cooldown, the local bullion rates are expected to remain under pressure in the coming days.
