The invention relates to a wool knitted glittering fabric with a reasonable structure and good application performance. Colorful glittering silk threads (2) are fixed on the front surface of a wool knitted fabric body (1). A liner fabric layer is arranged on the back surface of the wool knitted fabric body, the liner fabric layer is formed by interweaving warp yarns and weft yarns, the warp yarns adopt casein fibers, the weft yarns adopt viscose fibers, the diameter of the casein fibers is 18.62 micrometers, the fineness of the casein fibers is 252dtex, the diameter of the viscose fibers is 8.29 micrometers, the fineness of the viscose fibers is 198dtex, the warp density is 25.9 fibers per centimeter, the weft density is 16.3 fibers per centimeter, and a reinforced twill-weave structure is adopted. Clothes made of the wool knitted glittering fabric are warm, comfortable, glittering, smart and fashionable. The wool knitted glittering fabric is reasonable in structure and good in application performance.