"The bullion market wakes up to a shock as gold prices take a massive leap, breaking the recent period of stability."

KARACHI (Jan 03, 2026) – The gold market in Pakistan has witnessed a dramatic turn of events today. Following a significant recovery in global trends, local gold prices have recorded a sharp and sudden increase, catching many buyers and investors by surprise.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of gold has jumped by approximately Rs. 5,700 per tola overnight. This marks one of the single largest daily increases in recent weeks.

Current Gold Rates in Pakistan

With this fresh hike, the updated rates for Saturday, January 3rd, 2026, are as follows:

  • 24K Gold (Per Tola): ~Rs. 467,000
  • 24K Gold (10 Grams): ~Rs. 400,380
  • 22K Gold (10 Grams): ~Rs. 367,015
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Why the Sudden Price Hike?

The primary driver behind today's local surge is the international market. Global gold prices saw a robust recovery, surging by $57 per ounce in a single trading session.

Analysts attribute this global rally to a weakening US Dollar and renewed interest from central banks hoarding the precious metal as a safe-haven asset. Since Pakistan imports the majority of its gold demand, any fluctuation in the international spot price has an immediate multiplier effect on local rates.

Impact on Buyers

For families currently in the midst of the wedding season, this news comes as a blow. The sudden increase of over Rs. 5,000 per tola significantly impacts the budget for jewelry sets. However, for investors who held onto their gold reserves, today brings a tidy profit.

"The market is volatile right now," noted a jeweler in Sarafa Bazaar. "We advise customers to monitor rates closely, as prices could fluctuate further in the coming days depending on international opening on Monday."