Gold Prices Climb for Second Consecutive Day
KARACHI – Gold prices in Pakistan have recorded another sharp increase, marking the second consecutive day of substantial gains. According to the All Pakistan Gems and Jewellery Association (APGJA), the price of gold per tola (approximately 11.66 grams) has risen by PKR 21,200, reaching PKR 572,862.
This surge reflects ongoing fluctuations in both domestic and international markets, which have continued to affect investors and consumers alike.
Price of 10 Grams Also Increases
The APGJA reported that the price of 10 grams of gold, a standard measure used by many buyers, has increased from PKR 481,175 to PKR 491,136. The upward trend is significant for households and small investors, as gold remains a preferred store of value in Pakistan amid inflation and currency depreciation.
International Gold Markets Push Local Prices Higher
Global gold prices also contributed to the rise. On the international market, gold rose by $212, bringing the price to $5,505 per ounce. Analysts suggest that geopolitical tensions, inflation concerns, and fluctuations in the US dollar are key factors driving global gold prices upward.
Historically, Pakistan’s gold prices tend to follow international trends closely, with the rupee’s depreciation amplifying local increases.
Context: Rapid Price Growth in 2026
The current surge adds to a longer-term trend. Since the beginning of January 2026, gold prices in Pakistan have increased by PKR 115,900 per tola. This rapid rise is straining budgets for buyers, particularly during the wedding season, when demand for gold jewelry typically peaks.
Experts note that gold is not only an investment but also a traditional hedge against inflation. Consequently, rising prices may lead to increased demand from consumers seeking to protect their savings.
Impact on Investors and Consumers
The continuing price spike is likely to have mixed effects:
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Investors may benefit if prices continue to climb, as gold remains a safe haven amid economic uncertainty.
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Consumers face higher costs for jewelry, particularly for cultural and religious occasions.
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Traders and jewelers may experience increased demand, although profit margins could be squeezed if wholesale prices rise faster than retail sales.
Financial analysts recommend that buyers closely monitor both local and international markets before making major purchases.
Looking Ahead
While short-term volatility in gold prices is expected, long-term trends suggest that the metal will continue to be a valuable asset in Pakistan. Factors such as global inflation, central bank policies, and political stability will play crucial roles in determining future prices.
For now, gold remains in the spotlight, with consumers and investors watching closely as prices continue their upward trajectory.
