February 10, 2026 — Gold prices rose sharply in Pakistan on Tuesday, tracking a strong upward trend in international bullion markets, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The increase pushed local rates to new highs, reflecting renewed investor interest in safe-haven assets amid global uncertainty.

The price of 24-karat gold increased by Rs1,500 per tola to Rs526,262, while 10 grams of 24-karat gold rose by Rs1,286 to Rs451,184. The rise came after a volatile session a day earlier, when the gold rate in Pakistan reached Rs524,762 per tola on February 9.

Gold rate in Pakistan rises to Rs. 524,762 per tola after Sunday volatility

Silver prices in the domestic market remained unchanged at Rs8,615 per tola, APSGJA reported.

In the international market, gold gained $53 to trade at $5,020 per ounce, while silver rose $3.46 to $81.40 per ounce. Analysts attributed the rally to a weaker U.S. dollar, which slipped to its lowest level since early February, making dollar-denominated metals more attractive for overseas buyers.

Currency movements also played a role, with the Japanese yen strengthening following the election victory of Prime Minister Sanae Takaichi. Market participants said bargain-hunting activity helped gold regain levels above $5,000 per ounce after recent fluctuations.

Tim Waterer, chief analyst at KCM, said renewed buying interest supported the recovery in gold prices. Separately, Jigar Trivedi, senior research analyst at IndusInd Securities, noted that heightened geopolitical tensions had reinforced gold’s appeal as a safe-haven asset.

Gold prices also drew support from developments in the Middle East after the United States military said it shot down an Iranian drone that approached the Abraham Lincoln aircraft carrier in the Arabian Sea, adding to broader risk sentiment in global markets.

Market observers said gold continues to benefit from persistent economic uncertainty and geopolitical risks, which have encouraged investors to seek protection against inflation, currency depreciation, and financial market volatility.