Karachi, January 23, 2026 – Gold and silver prices in Pakistan hit historic highs on Friday, with investors and traders witnessing unprecedented gains in the bullion market. The All Pakistan Sarafa Gems and Jewelers Association (APSGJA) released today’s updated rates to guide the public and market participants amid rising global uncertainties.
The record-breaking surge comes as geopolitical tensions and international trade disputes continue to impact commodity markets worldwide. Gold, long considered a safe-haven asset, continues its meteoric rise, while silver follows closely behind.
Updated Gold and Silver Prices – January 23, 2026
| Commodity | Unit | Price | Daily Change |
| Gold 24-karat | per tola | Rs514,662 | + Rs9,100 |
| Gold 24-karat | per 10 grams | Rs441,239 | + Rs7,802 |
| Gold 22-karat | per 10 grams | Rs404,483 | + Rs7,152 |
| Gold | per ounce (global) | $4,923 | + $91 |
| Silver 24-karat | per tola | Rs10,275 | + Rs372 |
| Silver 24-karat | per 10 grams | Rs8,809 | + Rs319 |
| Silver | per ounce (global) | $98.00 | + $3.72 |
According to APSGJA, the surge is tied to the prevailing interbank foreign exchange rates published by the State Bank of Pakistan (SBP). Experts say both metals are poised for further gains as investors rush to hedge against global market uncertainties, signaling a historic rally in the precious metals sector.
With these unprecedented jumps, Pakistan’s bullion market is witnessing a once-in-a-lifetime spike in gold and silver rates, creating heightened demand and investor excitement nationwide.