Gold Price in Pakistan Could Hit Rs 600,000 per Tola, Experts Warn

Published On: January 22, 2026

Gold prices in Pakistan could surge to Rs 600,000 per tola if current global and domestic trends continue, senior bullion market experts have warned.

According to Abdullah Chand, senior member of the Karachi Gold Association, both gold and silver are firmly in a bullish phase, with no credible signals indicating an imminent price correction.

Strong Momentum in Global Gold Market

Abdullah Chand said that at the start of the week, gold surged nearly $100 in the international market, forming a strong upper high. During trading, prices remained stable after gaining more than $88, reflecting strong buyer confidence and sustained demand.

Silver also showed notable improvement, with global prices jumping by up to $4, briefly touching the $76 level before stabilizing with gains of $2.5 to $3.

Geopolitical Tensions Driving Safe-Haven Demand

Experts believe growing global geopolitical uncertainty is a major driver behind rising precious metal prices. Abdullah Chand highlighted increasing tensions between the United States and Venezuela, calling the situation particularly sensitive.

Venezuela holds the world’s largest oil reserves, and countries such as China, Russia, Iran, and Saudi Arabia have strategic interests in the region. Any military escalation or conflict, he warned, could significantly impact the global economy, pushing investors further toward safe-haven assets like gold and silver.

Weak Dollar and Economic Pressure Add Support

Rising economic pressure in the United States and a weakening US dollar are also supporting gold prices. Historically, a softer dollar makes gold more attractive to global investors.

Silver, meanwhile, is benefiting from industrial demand, especially from technology, electronics, and emerging green energy sectors, providing it with an additional growth cushion.

What to Expect in 2026?

Abdullah Chand believes that if current global conditions persist, gold prices in Pakistan could reach Rs 600,000 per tola by the end of the year, while silver prices are also expected to rise gradually.

Meanwhile, Muhammad Mujtaba, a member of the Rawalpindi Sarafa Association, said that the beginning of 2026 may see sharp volatility in gold prices. However, he emphasized that the overall trend is likely to remain upward, with limited chances of a sustained decline.

Market observers say investor behavior and global developments will remain key in determining how high gold prices climb in the coming months.