Gold prices in Pakistan surged to a new all-time high on Friday, January 23, 2026, as strong international market trends and geopolitical uncertainty pushed bullion rates sharply upward across the country.
According to the latest figures released by major Sarafa Markets in Karachi, Lahore, and Islamabad, the price of 24-karat gold increased by approximately Rs. 4,000 per tola compared to the previous trading day, continuing a record-breaking rally seen throughout the week.
Latest Gold Rates in Pakistan (23 January 2026)
Below are the official bullion rates for gold in Pakistan today:
Gold Price Table (24K & 22K)
| Weight | 24K Gold Price | 22K Gold Price |
| Per Tola | Rs. 517,865 | Rs. 474,709 |
| 10 Grams | Rs. 443,980 | Rs. 406,981 |
| 1 Gram | Rs. 44,399 | Rs. 40,699 |
Note: Prices are based on Sarafa Market bullion rates and exclude making and labor charges.
Gold Prices Hit New Record Levels
Market sources confirmed that the current price of Rs. 517,865 per tola represents the highest gold rate ever recorded in Pakistan.
WhatsApp Channel- Daily Increase: Around Rs. 4,000 per tola
- Previous Record: Over Rs. 506,000 per tola on January 21, 2026
- Weekly Trend: Continuous upward movement
Traders say buying interest remains strong despite rising prices, particularly from investors seeking protection against inflation.
International Gold Market Influence
Pakistan’s gold market is closely linked with global bullion prices. Internationally, gold is currently trading between $4,800 and $4,840 per ounce, supported by:
- Global economic uncertainty
- Geopolitical tensions in multiple regions
- Weakness in major currencies
- Increased demand for safe-haven assets
Fluctuations in the US dollar exchange rate are also contributing to higher domestic prices.
City-Wise Gold Rates in Pakistan (Per Tola – 24K)
Although the base rate is largely uniform nationwide, slight variations exist across cities:
- Karachi / Lahore: Rs. 517,865
- Islamabad / Rawalpindi: Rs. 518,100
- Peshawar / Quetta: Rs. 517,900
Local jewelers note that differences of Rs. 300–500 are normal due to market demand and logistics.
Advisory for Gold Buyers
Sarafa traders and market analysts advise buyers to take the following precautions:
- Always verify gold purity (24K or 22K)
- Check official Sarafa Association rate lists
- Confirm the purity stamp before purchase
- Account for making charges, which vary by design
Jewelry prices may be significantly higher than bullion rates due to labor costs.
Market Outlook
Analysts believe gold prices may remain volatile in the short term, depending on international economic developments and currency movements. However, long-term demand for gold as a hedge against inflation and uncertainty remains strong in Pakistan.
Final Word
With gold touching historic highs on January 23, 2026, both investors and buyers are closely watching global markets. Any further rise in international bullion prices or pressure on the rupee could push domestic rates even higher in the coming days.
