Karachi, January 29, 2026 — Gold and silver prices in Pakistan surged to all-time high levels on Thursday, reflecting a powerful rally in international bullion markets and heightened investor demand for safe-haven assets.
According to the All Pakistan Sarafa Gems and Jewelers Association, gold prices touched an unprecedented Rs572,862 per tola, marking one of the strongest single-day increases in the country’s bullion market history. Silver prices also joined the rally, climbing to a new record of Rs12,175 per tola in the domestic market.
Market analysts attributed the sharp rise in precious metal prices to soaring global gold and silver rates, driven by escalating geopolitical tensions and uncertainty in international financial markets. The strong upward momentum in global bullion prices was quickly transmitted to local markets, pushing rates sharply higher across all categories.
Traders noted increased buying interest from investors seeking protection against inflation, currency volatility, and stock market fluctuations. Jewelers, however, reported slower retail demand due to the sharp spike in prices, particularly for gold ornaments.
The association clarified that local gold and silver prices are determined on the basis of prevailing international rates and interbank foreign exchange rates issued by the State Bank of Pakistan (SBP).
Gold and Silver Prices in Pakistan (January 29, 2026)
| Metal & Category | Price | Change |
| Gold 24K per tola | Rs572,862 | +Rs21,200 |
| Gold 24K per 10 grams | Rs491,136 | +Rs18,175 |
| Gold 22K per 10 grams | Rs450,224 | +Rs16,661 |
| Gold per ounce (global) | $5,505 | +$212 |
| Silver 24K per tola | Rs12,175 | +Rs264 |
| Silver 24K per 10 grams | Rs10,438 | +Rs227 |
| Silver per ounce (global) | $117.00 | +$2.64 |
With global uncertainty persisting, bullion experts expect precious metal prices to remain volatile in the near term.