Gold prices in Pakistan continued their sharp upward momentum, moving dangerously close to the Rs. 500,000 per tola mark as both local and international markets witnessed strong bullish trends.
According to market data released on January 12, 2026, the price of 24-karat gold per tola increased by Rs. 7,700, reaching Rs. 480,962, setting a new all-time high in the country’s bullion market.
Significant Increase in 10-Gram Gold Rates
Alongside per-tola prices, 10 grams of 24-karat gold also saw a notable jump. The rate climbed by Rs. 6,602, pushing the price to Rs. 412,347.
The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) confirmed the updated rates, highlighting the continued pressure on precious metal prices across Pakistan.
International Gold Market Drives Local Prices
The surge in local gold prices is largely attributed to a strong rally in the international bullion market. Global gold prices rose sharply due to ongoing economic uncertainty, concerns about inflation, and increased demand for safe-haven assets. National Savings Announces Rs200 Prize Bond Draw Results
On the same day, international gold prices reportedly jumped by $77 per ounce, which directly influenced domestic rates in Pakistan.
Silver Prices Also Move Higher
Silver prices followed gold’s upward trajectory. The price of silver per tola rose to Rs. 8,895, reflecting growing demand and overall strength in the precious metals market.
Market Sentiment and Investor Concerns
The rapid increase in gold prices has raised concerns among jewelry buyers, while investors continue to view gold as a secure hedge against currency fluctuations and inflation.
Market analysts believe that if global trends remain unchanged, gold prices may soon test the Rs. 500,000 per tola milestone, a level that could significantly impact consumer purchasing behavior and the jewelry industry.
Outlook for the Coming Days
With global economic uncertainty persisting and international gold prices remaining strong, experts expect continued volatility in Pakistan’s bullion market. Buyers are advised to closely monitor price movements before making major purchasing decisions.
