Gold prices in the international market have climbed to an unprecedented level, setting a new all-time record.
According to international media reports, gold reached $4,700 per ounce, a record high. A day earlier, the metal had already touched a historic peak of $4,689 per ounce before extending its gains.
BREAKING: Gold futures surge to a record $4,700/oz as trade war tensions escalate.
Gold is now up +78% over the last 12 months in one of its best runs in history. pic.twitter.com/mr0lQwO7KK
— The Kobeissi Letter (@KobeissiLetter) January 20, 2026The latest surge reflects a strong rally over the past year. During this period, global gold prices have risen by nearly 70 per cent, driven by economic uncertainty and strong investor demand.
The rally has also lifted domestic prices in Pakistan. On the previous trading day, gold became costlier by PKR 7,500 per tola, pushing the rate to PKR 489,362.
🚨BREAKING: GOLD JUST HIT A NEW ALL TIME HIGH OF $4,700 PER OZ!!🚀🚀🚀 pic.twitter.com/qT3mXNqyvz
— Coin Bureau (@coinbureau) January 20, 2026Read: Gold Prices Jump Rs7,500 per Tola in Pakistan on Jan 19, 2026
Market analysts say gold continues to attract investors as a safe-haven asset. They expect price volatility to remain high amid ongoing global economic and geopolitical risks.
