Gold Prices Jump Amid Global Market Rally

Published On: January 22, 2026

Gold prices in Pakistan witnessed a significant increase as 24-carat gold rose by Rs 3,200 per tola, reaching Rs 467,962, according to the All Pakistan Sarafa, Gems & Jewellers Association.

Meanwhile, 10-gram gold rates increased by Rs 2,743, hitting Rs 401,201, reflecting sustained investor demand in the local market.

Silver Also Sees Price Hike

Silver prices also surged, with per tola rates rising by Rs 338 to Rs 8,361, reflecting global market momentum.

Global Gold Market Trends

On the international front, gold per ounce rose by $32, reaching $4,456, showing strong buying interest. Experts note that financial institutions and investment banks globally expect gold prices to remain robust in 2026.

Despite rumors circulating on social media and informal financial platforms about potential price corrections, market analysts caution that no credible signals suggest an immediate drop.

Factors Driving Gold and Silver Prices

According to Abdullah Chand, senior member of the Karachi Gold Association, the bullish trend continues both locally and internationally, with no firm indication of a decline.

Key factors supporting prices include:

Global economic conditions
Interest rate policies
US dollar strength
Geopolitical tensions

Silver, on the other hand, benefits from industrial demand, particularly in electronics and emerging technologies, giving it additional upward momentum.

Market Outlook for 2026

Muhammad Mujtaba, a member of the Rawalpindi Sarafa Association, stated that early 2026 may see volatile fluctuations, but the overall trend remains bullish. According to him, global conditions and investor sentiment indicate that gold prices are likely to reach new levels, with limited chances of sustained decline.