Latest Gold Rates in Pakistan – Today January 29, 2026: Hits All-Time Record High
Gold prices in Pakistan touched an all-time historic high today, January 29, 2026, after recording an unprecedented single-day increase in the local bullion market. The sharp rally has sent shockwaves across Sarafa markets nationwide, raising concerns among jewelry buyers while attracting strong interest from investors.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices jumped by more than Rs. 21,000 per tola in just 24 hours, marking the largest daily increase in Pakistan’s gold market history.
Latest Gold Rates in Pakistan – January 29, 2026
Based on the official figures released by APGJSA, the updated gold rates are:
| Gold Purity | Price per Tola | Price per 10 Grams |
| 24K Gold | Rs. 551,662 | Rs. 472,961 |
| 22K Gold | Rs. 505,689 | Rs. 433,563 |
| 21K Gold | Rs. 482,704 | Rs. 413,841 |
| 18K Gold | Rs. 413,746 | Rs. 354,721 |
These prices reflect bullion market rates and are applicable across major cities, including Karachi, Lahore, Islamabad, Rawalpindi, and Peshawar.
Historic Rally Sets New Benchmark
Market experts confirm that this is the first time ever that gold prices in Pakistan have surged by over Rs. 20,000 per tola in a single trading session. The record-breaking jump has surpassed all previous highs, signaling extreme volatility in the precious metals market.
WhatsApp ChannelSilver prices also followed gold’s upward trajectory, reaching a record level of Rs. 11,911 per tola, further highlighting the growing demand for safe-haven assets.
Global Market Driving Local Prices
The dramatic rise in Pakistan’s gold prices is closely linked to developments in the international bullion market. Global spot gold prices crossed $5,300 per ounce, touching around $5,311 per ounce, driven by rising geopolitical tensions, fears of a global economic slowdown, and a weakening US dollar.
International investors have shifted heavily towards gold as a hedge against inflation, currency depreciation, and market uncertainty, which has directly impacted local prices in Pakistan.
Impact on Jewelry Buyers and Investors
Sarafa market traders report mixed reactions from consumers. While speculative investors are actively buying gold amid expectations of further gains, genuine jewelry buyers are showing caution due to extreme price volatility.
Retailers in Karachi, Lahore, and Islamabad say many customers are delaying wedding and investment purchases, waiting to see whether prices stabilize or correct in the coming days.
What Buyers Should Know
APGJSA has clarified that the announced prices represent bullion market rates only. Actual prices at jewelry shops may vary slightly due to making charges, workmanship costs, and minor regional differences.
Buyers are advised to confirm daily rates before making purchases, as gold prices remain highly sensitive to international market movements.
Outlook for Gold Prices in Pakistan
With global uncertainty still elevated and international gold prices holding strong above $5,300 per ounce, analysts believe gold prices in Pakistan may remain volatile in the short term. Any movement in global markets, currency exchange rates, or geopolitical developments could trigger further fluctuations.
For now, today’s surge has firmly positioned 2026 as a record-breaking year for gold prices in Pakistan, reshaping market expectations for investors and consumers alike.
