The local bullion market in Pakistan witnessed a dramatic surge today, as the gold rate 7 February 2026 reached an unprecedented peak. Driven by intense geopolitical tensions and a massive jump in the international market, the price of 24-karat gold per tola increased by a staggering Rs. 14,800, settling at Rs. 529,162. This sudden hike has sent ripples through the jewelry industry, leaving many local buyers and investors in a state of shock. While the global market crossed the $5,000 per ounce mark, the domestic rates in cities like Karachi, Lahore, and Islamabad followed suit, reflecting the heightened demand for safe-haven assets amidst global uncertainty.
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Pakistan Gold Rates: 24K and 22K Gold Prices Today
The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) released the latest figures, showing a broad-based increase across all categories of gold. Investors are keeping a close watch on the 24K gold price as it serves as the primary benchmark for the metal’s value in the country. Meanwhile, those looking for jewelry are focused on 22K gold, which also saw a significant rise.
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Gold Rates by Purity (7 February 2026)
| Gold Purity | Price Per Tola (PKR) | Price Per 10 Grams (PKR) |
| 24 Karat Gold | Rs. 529,162 | Rs. 453,671 |
| 22 Karat Gold | Rs. 485,065 | Rs. 415,865 |
| 21 Karat Gold | Rs. 463,017 | Rs. 396,962 |
| 18 Karat Gold | Rs. 396,871 | Rs. 340,253 |
Why is Gold Getting So Expensive in Pakistan?
Several factors have combined to create this “perfect storm” for gold prices. It isn’t just a local phenomenon; the primary driver is the international market where gold prices jumped by nearly $150 in a single day.
- Geopolitical Unrest: Reports of rising tensions between the US and Iran, including military incidents in the Arabian Sea, have pushed investors toward “safe” investments like gold.
- Devaluation Fears: With the rupee often facing pressure, many Pakistanis buy gold to protect their savings from inflation.
- Global Demand: Central banks worldwide are increasing their gold reserves, which keeps the supply tight and the prices high.
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City-Wise Gold Price Comparison
While the base rate is determined in Karachi, slight variations can occur in different cities due to transportation and local market demand.
| City Name | 24K Per Tola | 10 Grams 24K |
| Karachi | Rs. 529,162 | Rs. 453,671 |
| Lahore | Rs. 529,300 | Rs. 453,750 |
| Islamabad | Rs. 529,450 | Rs. 453,880 |
| Peshawar | Rs. 529,200 | Rs. 453,700 |
FAQs
What was the 24K gold rate on 6 February 2026?
The 24K gold rate was Rs. 529,162 per tola, marking a massive increase of Rs. 14,800 from the previous day.
Why did gold prices jump today?
The main reason was the international gold price crossing $5,000 per ounce due to US-Iran geopolitical tensions and a weaker US dollar.
Is it a good time to buy gold in Pakistan?
Gold is currently at a record high. Most experts suggest waiting for a market correction or buying in small quantities for long-term saving rather than short-term profit.
What is the difference between 22K and 24K gold?
24K gold is 100% pure gold, while 22K contains 91.7% gold mixed with other metals like copper or zinc to make it durable for jewelry.
This article is for informational purposes only. SmartFixers.pk is not an official government website and is not affiliated with any government department. Readers are advised to verify all information from official government sources before taking any action.
Our editorial team publishes original and informational content for educational purposes only.
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