Gold Prices Surge Past Rs550,000 Per Tola in Pakistan Amid Global Market Rally

Gold and silver prices in Pakistan hit record highs on Wednesday, January 28, driven by a sharp rally in international bullion markets, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).

The price of 24-karat gold per tola surged by Rs21,100, reaching Rs551,662. Similarly, 10 grams of 24-karat gold rose by Rs18,090 to Rs472,961, while 10 grams of 22-karat gold increased by Rs16,583, settling at Rs433,563.

Silver prices also climbed, with 24-karat silver per tola up by Rs271 to Rs11,911, and 10 grams of silver rising by Rs232 to Rs10,211.

Internationally, gold prices surged by $211 to a record $5,293 per ounce, and silver rose by $2.71 to $114.36 per ounce.

Market analysts highlight that gold remains a strong investment amid global economic uncertainty, serving as a safe-haven asset against inflation, currency depreciation, and financial instability. Geopolitical tensions, trade disputes, and market volatility often push investors toward gold, reinforcing its role as a stable asset.

Historically and culturally, gold has been both a symbol of wealth and a practical hedge for investors, with demand increasing whenever global economic or political conditions create uncertainty. Both institutional and retail investors continue to view bullion as a reliable safeguard against market turbulence.