KARACHI: The consecutive five-day decline in gold prices has come to a halt, with both the Pakistani and international markets witnessing a major recovery.
The price of 24-karat gold per tola surged by Rs. 9,100 to reach Rs. 428,736, while the price of 10 grams of gold increased by Rs. 7,802, settling at Rs. 367,572.
Meanwhile, silver prices also registered an upward trend, with the price per tola rising by Rs. 203 to reach Rs. 6,445.
On the global front, gold experienced a significant jump of $91, bringing the international price to $4,063 per ounce.
Five-Year Gold Price Trend in Pakistan (2021–2026)
Over the last five years, the gold market in Pakistan has experienced an unprecedented and historic bull run.
Driven by a combination of severe domestic economic challenges and surging global commodity markets, the precious metal has more than quadrupled in value, firmly establishing itself as the ultimate safe-haven asset for Pakistani investors.
In 2021, 24-karat gold was trading at a relatively modest average of around Rs. 100,000 per tola.
However, as the local economy faced mounting pressures, the price trajectory shifted sharply upward.
By 2023, the metal breached the psychological barrier of Rs. 200,000 per tola, fueled by massive devaluations of the Pakistani Rupee (PKR) against the US Dollar and skyrocketing domestic inflation.
The momentum did not stop there. As global central banks aggressively ramped up their gold reserves amid geopolitical tensions, international spot prices embarked on a record-breaking rally.
Mirroring this global surge, local prices crossed Rs. 350,000 per tola in 2025.
Currently, in mid-2026, the price of 24-karat gold has comfortably stabilized above the Rs. 428,000 per tola mark, following global highs where international gold is trading near $4,063 per ounce.
Ultimately, the parabolic rise of gold prices over these five years highlights two distinct realities: the shrinking purchasing power of the local currency and the enduring global trust in gold during times of economic uncertainty.
For citizens looking to preserve their wealth against double-digit inflation, gold has consistently outperformed traditional savings, transitioning from a luxury ornament into a critical financial shield.
