Gold prices jump Rs21,100 as market hits a new all-time high

Gold prices jump Rs21,100 as market hits a new all-time high

Gold prices jump Rs21,100 in one day, shocking local market. File photo

January, 28 2026

KARACHI (Web Desk): Gold prices surged by Rs21,100 in the local market, pushing the per tola rate of 24-karat gold to a new all-time high and alarming buyers.

The price of 24-karat gold per tola increased by Rs21,100 to reach Rs551,662, setting a historic record in the local bullion market.

At the same time, 10 grams of 24-karat gold rose by Rs18,090 to Rs472,961, while 10 grams of 22-karat gold went up by Rs16,583 to settle at Rs433,563, according to the All Pakistan Sarafa Gems and Jewellers Association.

Silver prices also moved upward alongside gold. The price of 24-karat silver per tola increased by Rs271 to Rs11,911, while 10 grams of silver climbed by Rs232 to Rs10,211.

In the global market, gold prices jumped by $211 to touch a fresh record of $5,293 per ounce. Silver prices also gained $2.71, reaching $114.36 per ounce, the association reported.

The sharp rise shows strong global pressure on gold prices. Local buyers are feeling the impact of the sudden increase. Silver moving up signals wider demand for safe assets. Prices may stay high if global trends continue.