KARACHI: According to the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold in Pakistan saw an increase of Rs400 per tola, bringing the new price to Rs425,436.
The price for 10 grams of 24-karat gold rose by Rs343 to reach Rs364,742, while 10 grams of 22-karat gold increased by Rs314 to settle at Rs334,358.
In the international market, the price of gold climbed by $4, reaching $4,030 per ounce.
Conversely, silver prices experienced a decline. The price of silver per tola dropped by Rs134 to Rs6,155, and the price for 10 grams fell by Rs115 to Rs5,276.
Internationally, silver prices also saw a decrease, falling by $1.34 to $56.76 per ounce.
In 2026, the gold market in Pakistan has reached historic levels, characterized by extreme volatility and record-breaking price benchmarks.
The upward momentum observed throughout the year is primarily driven by the interplay between a fluctuating Pakistani Rupee (PKR) and an aggressive rally in the international gold market.
As of mid-2026, gold has solidified its position as the ultimate safe-haven asset for Pakistani investors.
With inflationary pressures remaining persistent, individuals and institutional investors have increasingly turned to 24-karat gold as a primary shield against the erosion of purchasing power.
Domestic prices are frequently setting new all-time highs, often crossing the Rs. 400,000 per tola threshold, a significant jump from 2025 levels.
The market dynamics are being shaped by high demand for physical gold during traditional wedding seasons and religious festivals, combined with supply-side constraints.
Furthermore, global geopolitical uncertainties have kept international prices elevated, which directly translates to higher landing costs in the local market.
For the average Pakistani citizen, gold has transitioned from being a traditional luxury to a essential financial tool for wealth preservation.
As the currency continues to face pressure, gold remains the most resilient asset class in the country, consistently outpacing traditional investments like savings accounts and real estate in terms of capital appreciation.
