Gold prices in Pakistan witnessed a dramatic surge on Saturday, February 21, 2026, leaving buyers stunned as the precious metal jumped by Rs7,100 in a single day to reach an eye-watering Rs533,562 per tola.
The price of 24 karat per tola gold increased by Rs7,100 and was sold at Rs533,562 on Saturday against its sale at Rs526,462 the previous trading day, All Pakistan Sarafa Gems and Jewellers Association reported ProPakistani.
The price of 10 grams of 24 karat gold also increased by Rs6,087 to Rs457,443 from Rs451,356, whereas that of 10 gram 22 karat gold went up by Rs5,579 to Rs419,337 from Rs413,758, according to the association’s data.
The dramatic spike has intensified concerns among investors and consumers alike as precious metal rates continue their relentless climb. The surge came just a day after Friday’s Rs2,500 increase, signaling sustained upward momentum in the local bullion market.
The domestic price jump mirrors a powerful rally in the international market. The price of gold in the international market increased by $71 to $5,108 from $5,037, including a $20 premium. Analysts attribute the global surge to heightened demand amid economic uncertainty, geopolitical tensions, and inflation concerns worldwide.
Silver prices also participated in the rally. The rates of per tola silver increased by Rs374 to Rs8,948 from Rs8,574, whereas that of 10 gram silver rose by Rs321 to Rs7,671 from Rs7,350.
The continuous price escalation presents challenges for Pakistani consumers, particularly with the wedding season approaching. Gold remains culturally significant for weddings, religious occasions like Eid, and traditional gifting customs. However, the soaring rates are forcing many families to reconsider their budgets or opt for smaller quantities.
Market experts predict gold prices may continue climbing throughout 2026 if global uncertainty persists and the Pakistani rupee remains under pressure against the US dollar, as gold is internationally traded in dollars.
