Karachi, January 21, 2026 – Gold and silver prices in Pakistan surged to record-high levels on Wednesday, reflecting a strong rally in international bullion markets, according to the latest daily rates issued by the All Pakistan Sarafa Gems and Jewelers Association (APSGJA).
The sharp increase has further strengthened the appeal of precious metals as safe-haven investments amid global economic and geopolitical uncertainty.
In the local bullion market, the price of 24-karat gold per tola jumped by Rs12,700 to settle at a historic Rs506,362, marking the highest level ever recorded in Pakistan. Similarly, 24-karat gold per 10 grams rose by Rs10,888 to reach Rs434,123, while 22-karat gold per 10 grams increased by Rs9,981 to Rs397,960.
Silver prices also followed the upward trend. The rate of 24-karat silver per tola climbed by Rs64 to Rs9,933, whereas silver per 10 grams increased by Rs54 to Rs8,515. On the global front, gold prices surged to $4,840 per ounce, up $127 in a single session, while silver rose to $94.58 per ounce.
Market experts said the rise in domestic prices is closely linked to international bullion trends, currency movements, and investor demand for safe assets. APSGJA noted that local gold and silver rates are calculated on the basis of prevailing interbank foreign exchange rates released by the State Bank of Pakistan.
Gold and Silver Prices – January 21, 2026
| Metal & Purity | Unit | Price | Change |
| Gold 24-karat | Per tola | Rs506,362 | +Rs12,700 |
| Gold 24-karat | Per 10 grams | Rs434,123 | +Rs10,888 |
| Gold 22-karat | Per 10 grams | Rs397,960 | +Rs9,981 |
| Gold (Global) | Per ounce | $4,840 | +$127 |
| Silver 24-karat | Per tola | Rs9,933 | +Rs64 |
| Silver 24-karat | Per 10 grams | Rs8,515 | +Rs54 |
| Silver (Global) | Per ounce | $94.58 | +$0.64 |