KEY POINTS
- Gold per tola up Rs 3,200 to Rs 467,962 in Pakistan.
- 10 gram gold gains Rs 2,743 to Rs 401,201.
- International gold prices strengthen near $4,460/oz.
- Silver also up Rs338 to Rs 8,361 per tola.
- Regional and global factors underpin rising precious metals demand.
ISLAMABAD: Gold prices in Pakistan climbed sharply on Tuesday, with the price per tola advancing Rs 3,200 to reach Rs 467,962, reflecting broader strength in global bullion markets, according to rates from the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The unit of ten-gram gold also rose by Rs 2,743 to settle at Rs 401,201. Silver prices increased by Rs338 to reach Rs 8,361 per tola.
On Monday, local gold prices had also trended higher, with a Rs 9,200 gain, taking the per tola rate to Rs 464,762.
The international gold rate was up by $32, trading around $4,456 per ounce with a premium of $20, signalling robust global demand.
International market drivers
Global gold markets have extended a rally near multi-year highs, largely fuelled by rising geopolitical uncertainty and expectations of looser monetary policy globally.
Spot gold strengthened near $4,460 per ounce on Tuesday, buoyed by escalating geopolitical tensions, notably surrounding Venezuela, which have propelled safe-haven flows into bullion.
Analysts point to reduced opportunity costs of holding non-yielding assets as expectations grow that major central banks will ease monetary conditions, while persistent macroeconomic uncertainty keeps investors cautious.
According to recent forecasts by major financial institutions, gold’s strong performance may continue through 2026, with some forecast projecting prices materially higher by year’s end as central bank purchases and risk-off demand underpin the market.
Regional trends in Asia and the Middle East
Across South Asia, gold rates have mirrored global strength. In India, gold prices in major cities climbed on Tuesday, attributed to increased safe-haven buying as local markets responded to international momentum.
In the Gulf region, bullion markets have also been buoyant entering the New Year.
Dubai gold prices edged higher early in 2026 as global trading resumed, with 24-karat and 22-karat gold firm, reflecting cautious investor sentiment and continued interest from retail buyers in the UAE and neighbouring Gulf states.
What this means for Pakistan
Local gold buyers and investors are facing higher rates as the metal follows the international upward trajectory.
The sustained interest in bullion highlights its role as a hedge against geopolitical and economic uncertainties, with silver’s gains underscoring broader strength in precious metals.
Market watchers advise comparing quotes before purchasing, as prices remain elevated.
