KARACHI: The gold prices in Pakistan recorded a historic rise for the second consecutive day, reaching an all-time high in the local market.
According to the All Pakistan Gems and Jewellers Association(APGJA), the price of gold per tola increased by Rs21,200, taking it to Rs572,862 across the country.
Similarly, the price of 10 grams of gold rose by Rs18,175 to reach Rs491,136.
Meanwhile, in the international bullion market, gold prices climbed by $212 to stand at $5,505 per ounce.
It is noteworthy that during January 2026 alone, gold prices have surged by a massive Rs115,900, reflecting strong global demand and persistent economic uncertainty.
Meanwhile, silver prices continued their upward trend, setting new records alongside gold. The price of silver per tola increased by Rs264 to reach a new all-time high of Rs12,175, while the price of 10 grams rose by Rs227 to settle at Rs10,438.
Earlier, in a move that has turned heads globally, Dubai has announced the construction of the world’s first Gold Street, to be located in the heart of the Dubai Gold District.
The United Arab Emirates has unveiled a groundbreaking project that has captured global attention — the world’s first Gold Street.
According to Arab media, the construction of the Gold District is already underway. Once completed, it will serve as a global hub for gold and jewelry trade, offering a unique landmark for the industry and tourists alike.
The Gold Street will be specially designed with gold elements to create a memorable destination for visitors and buyers from around the world.
The project aims not just at aesthetics but at positioning Dubai as the most modern and distinctive center for gold and jewelry trade globally.
The district will function as a comprehensive gold hub, integrating retail, wholesale, investment, and the full jewelry value chain under a single roof.
More than 1,000 retailers, including internationally renowned brands, are expected to operate in the district.
Notably, the UAE exported approximately $53.41 billion worth of gold last year, making it the second-largest physical gold trading hub in the world, with major trade partners including Switzerland, the UK, India, Hong Kong, and Turkey.
