Gold Prices Surge in Pakistan: 24K Rates Hit Record Highs as Global Demand Climbs
KARACHI, January 30, 2026 – The Pakistani bullion market is witnessing a sharp bullish trend today, as gold prices across the country surged in response to a rallying international market and heightened local demand. Investors and jewelers in major urban hubs report that the precious metal is trading at multi-month peaks, reflecting the ongoing economic volatility.
Breaking Down the Latest Gold Rates
According to data collected from the Karachi Saraf Jewelers Association and regional bullion desks, the prices for 24-carat and 22-carat gold have reached new thresholds.
Note: While these prices are consistent across major cities like Lahore, Islamabad, and Rawalpindi, minor variations may occur due to local market conditions and transportation costs.
The Driving Forces Behind the Price Hike
Market analysts point to a "triple threat" of factors currently pushing gold valuations higher in the local market:
Global Benchmark Gains: International gold prices have shown a steady incline this week, directly impacting the domestic cost of imports.
Currency Fluctuations: The Pakistani Rupee (PKR) remains under pressure against the US Dollar. Since gold is priced globally in dollars, a weaker rupee inevitably leads to more expensive gold at home.
The "Safe-Haven" Effect: Amidst domestic economic uncertainty, many local investors are moving their capital out of traditional currency accounts and into gold, viewing it as a more stable store of value.
Impact on Consumers and the Jewelry Industry
The sudden price spike is creating a ripple effect across the retail sector. Wedding season shoppers are feeling the pinch, as the cost of bridal sets and ceremonial jewelry has climbed significantly compared to the start of the month.
Retailers in Karachi’s Tariq Road and Lahore’s Liberty Market report a surge in inquiries, though actual sales are slightly stagnant as buyers wait to see if the market will stabilize. Conversely, for long-term investors, the current trajectory is being viewed as a validation of gold’s strength as an asset class.
Future Outlook: Will Prices Cool Down?
The immediate future of gold prices in Pakistan remains tied to two main variables: the stability of the PKR and the policy decisions of the US Federal Reserve, which influence global bullion rates.
Financial experts suggest that as long as inflationary pressures remain, gold will likely maintain its elevated status. Traders and prospective buyers are encouraged to monitor daily updates and consult with certified dealers before making high-value transactions, as the market remains highly sensitive to intraday shifts.
As of today's market opening, the rates are as follows:
| Gold Purity | Weight | Current Rate (PKR) |
|---|---|---|
| 24K Gold | per Tola | Rs. 579,500 |
| 24K Gold | per 10 Grams | Rs. 496,840 |
| 22K Gold | per Tola | Rs. 531,172 |
| 22K Gold | per 10 Grams | Rs. 455,433 |