Gold Price in Pakistan Today 23 January 2026 – Latest Update
Gold price in Pakistan remained very high but relatively stable on Friday, 23 January 2026, according to the latest update from the local Sarafa market. The price of 24 karat gold per tola is recorded at Rs. 499,300, while 10 grams of gold is priced at Rs. 428,080. This level keeps gold near its recent peak, reflecting strong international bullion prices and continued pressure from the exchange rate.
Gold is considered one of the most important investment assets in Pakistan. People buy gold not only for jewellery but also as a safe store of value, especially during inflation, rupee depreciation, and economic uncertainty. That is why daily gold price updates are closely followed across the country.
Today Gold Rate in Pakistan (23 January 2026)
As per the latest official data:
- 24 Karat Gold (1 Tola): Rs. 499,300
- 24 Karat Gold (10 Gram): Rs. 428,080
- 24 Karat Gold (1 Gram): Rs. 42,808
- Gold Price per Ounce: Rs. 1,213,590
These prices are updated according to rates issued by the Karachi Sarafa Jewellers Association, whose figures are followed nationwide by jewellers and gold traders.
Gold Rates in Major Cities of Pakistan
Although gold rates are mostly uniform across Pakistan, small differences are seen due to local demand, transportation costs, and city-level trading margins.
City-wise Gold Rate (24K – Per Tola)
- Karachi: Rs. 499,300
- Lahore: Rs. 499,350
- Islamabad: Rs. 499,400
- Peshawar: Rs. 499,450
- Quetta: Rs. 499,500
Karachi remains the main hub of gold trading in Pakistan. Gold prices announced in Karachi usually set the trend for all other cities on the same day.
Gold Price by Weight and Karat in Pakistan
Gold is traded in Pakistan in different purities and weights. Below are the latest rates for 23 January 2026.
Per Tola Gold Price
- 24 Karat: Rs. 499,300
- 22 Karat: Rs. 457,688
- 21 Karat: Rs. 436,888
- 18 Karat: Rs. 374,475
- 12 Karat: Rs. 249,650
Per 10 Gram Gold Price
- 24 Karat: Rs. 428,080
- 22 Karat: Rs. 392,404
- 21 Karat: Rs. 374,570
- 18 Karat: Rs. 321,060
- 12 Karat: Rs. 214,040
Per Gram Gold Price
- 24 Karat: Rs. 42,808
- 22 Karat: Rs. 39,240
- 21 Karat: Rs. 37,457
- 18 Karat: Rs. 32,106
- 12 Karat: Rs. 21,404
These rates are commonly used by jewellers for pricing jewellery and bullion products across Pakistan.
Why Gold Prices Are So High in Pakistan
Gold prices in Pakistan are currently near record levels. Several factors are responsible for this situation.
1. International Gold Market
Global gold prices play the biggest role. When gold becomes expensive in international markets, local prices automatically rise. Global investors often move towards gold during economic uncertainty, wars, or financial instability.
2. US Dollar Exchange Rate
The Pakistani rupee’s weakness against the US dollar has a direct impact on gold prices. Since gold is imported and traded internationally in dollars, any rise in the dollar makes gold more expensive locally.
3. Inflation and Economic Pressure
High inflation in Pakistan has pushed people towards gold as a safe investment. Many families prefer buying gold instead of keeping cash, which loses value over time.
4. Seasonal and Cultural Demand
Gold demand increases during wedding seasons, religious events, and festive periods. This extra demand also supports higher prices in the local market.
Gold as an Investment in Pakistan
Gold has always been a popular investment option in Pakistan. People invest in gold for several reasons:
- Protection against inflation
- Hedge against currency depreciation
- Long-term value preservation
- Easy buying and selling
Unlike stocks or real estate, gold can be sold quickly almost anywhere in the country. This liquidity makes gold especially attractive for small and medium investors.
Short-Term vs Long-Term Gold Outlook
Short-Term Outlook
In the short term, gold prices may remain volatile. Daily changes depend on international market movements, global economic news, and currency fluctuations. Sudden increases or drops are possible.
Long-Term Outlook
For long-term investors, gold is still considered a reliable asset. Many analysts believe that if inflation and global uncertainty continue, gold prices may remain strong over time.
Tips for Buying Gold in Pakistan
If you are planning to buy gold, keep these points in mind:
- Always check daily Sarafa rates before purchasing
- Confirm gold purity and weight
- Ask for a proper receipt from the jeweller
- Prefer well-known and trusted jewellers
- Compare prices in your city before buying
Avoid buying gold based on old rates, as prices can change multiple times in a single day.
Silver Prices Also Remain Firm
Along with gold, silver prices in Pakistan also stayed firm on 23 January 2026.
- Silver (per tola): Rs. 9,805 to Rs. 9,825
Silver is widely used for industrial purposes and jewellery and often follows gold’s overall market trend.
Role of Sarafa Market in Gold Pricing
Gold and silver prices in Pakistan are issued by local Sarafa Associations. These associations may update rates once or multiple times a day, depending on international market movement.
It is important to note that jewellers may charge making charges separately for jewellery items, which are not included in the official gold rate.
Important Disclaimer for Buyers
Gold rates provided are indicative market prices. Actual buying or selling prices may vary slightly from shop to shop. GOLD rate platforms and news websites do not sell or trade gold and are not responsible for transactions made on displayed rates.
What is the price of 24K gold in Pakistan?
As of 23 January 2026, the price of 24 karat gold in Pakistan is Rs. 499,300 per tola, while 10 grams of 24K gold is priced at Rs. 428,080. The per gram rate stands at Rs. 42,808. These prices are issued by the Karachi Sarafa Jewellers Association and are followed across all major cities, including Lahore, Islamabad, and Karachi, with only minor city-level variations.
Which is pure gold, 22K or 24K price?
24K gold is purer than 22K gold. 24 karat gold contains 99.99% pure gold, making it the highest purity level available in the market. In comparison, 22K gold contains 91.67% gold, mixed with other metals for strength. Because of its higher purity, 24K gold is always more expensive than 22K gold and is commonly used for investment purposes, while 22K gold is mostly used for jewellery making.
How much will gold prices rise in 2026?
Gold prices in 2026 are expected to remain volatile but strong, mainly due to inflation, global economic uncertainty, and fluctuations in the US dollar. While exact figures cannot be predicted, market analysts believe gold prices may rise gradually if the Pakistani rupee weakens further or international gold prices increase. However, short-term ups and downs are expected throughout the year, so investors should track daily trends instead of relying on fixed forecasts.
What is the price of gold in Pakistan on 23 January 2026?
On 23 January 2026, the gold price in Pakistan stood at Rs. 499,300 per tola for 24K gold, Rs. 428,080 per 10 grams, and Rs. 1,213,590 per ounce. These rates reflect a stable but high gold market, influenced by international bullion prices and the local currency rate. The same rates were applied nationwide with slight differences depending on city and jeweller margins.
Conclusion – Gold Price in Pakistan Today 23 January 2026
On Friday, 23 January 2026, gold prices in Pakistan remained elevated, with 24 karat gold priced at Rs. 499,300 per tola. The market continues to be influenced by international gold trends, the US dollar exchange rate, and local demand.
For investors, jewellers, and the general public, keeping track of daily gold rates is essential. Gold remains a trusted investment option in Pakistan, especially during uncertain economic conditions.
