Gold prices soar in Pakistan amid massive global rally

Gold prices soar in Pakistan amid massive global rally

Gold prices surge sharply, why are buyers shocked today. File photo

February, 3 2026

KARACHI (Web Desk): Gold prices surged sharply in the local market, with 24 karat gold jumping by Rs24,000 per tola as global gold prices also moved up strongly.

The All Pakistan Sarafa Gems and Jewellers Association said the price of 24 karat gold per tola rose to Rs514,362. At the same time, 10 grams of 24 karat gold increased by Rs20,576 and settled at Rs440,982.

Prices of lower purity gold also moved higher. The rate of 10 grams of 22 karat gold climbed by Rs18,862 to reach Rs404,248, reflecting strong buying pressure in the market.

Silver prices followed the same trend. The price of 24 karat silver per tola increased by Rs741 to Rs9,146, while 10 grams of silver went up by Rs636 to Rs7,841.

In the international market, gold prices surged by $240 and reached $4,916 per ounce. Silver prices also rose sharply, gaining $7.41 to settle at $86.71 per ounce, the association reported.

Gold prices rose because global demand increased suddenly. Investors are moving towards gold as a safe option. Higher international prices directly pushed local rates up. If global uncertainty continues, prices may stay high.