Karachi, January 26, 2026 — Gold and silver prices in Pakistan touched record-high levels on Monday, mirroring an unprecedented rally in the international bullion markets and strong safe-haven demand among global investors.
According to the All Pakistan Sarafa Gems and Jewelers Association, prices of both precious metals surged sharply in the local market, driven by historic gains in global gold and silver rates and fluctuations in the foreign exchange market. The association confirmed that local bullion prices are calculated on the basis of prevailing interbank exchange rates released by the State Bank of Pakistan (SBP).
Below are the latest gold and silver prices in Pakistan as of January 26, 2026, along with their daily change:
| Commodity | Price | Change |
| Gold 24-karat per tola | Rs532,062 | +Rs10,900 |
| Gold 24-karat per 10 grams | Rs456,157 | +Rs9,345 |
| Gold 22-karat per 10 grams | Rs418,159 | +Rs8,567 |
| Gold (global) per ounce | $5,097 | +$109 |
| Silver 24-karat per tola | Rs11,428 | +Rs627 |
| Silver 24-karat per 10 grams | Rs9,797 | +Rs537 |
| Silver (global) per ounce | $109.53 | +$6.27 |
Bullion market experts attributed the sharp rise in domestic gold and silver prices to a record-breaking rally in global precious metal markets, as investors increasingly move toward safe-haven assets amid escalating geopolitical risks and economic uncertainty.
Analysts pointed to a crisis of confidence in the US administration and American financial assets as a key trigger behind the surge. Recent erratic policy moves by the Trump administration, including abrupt reversals on tariff threats against European allies and proposals to impose 200 percent tariffs on French wines and champagnes, have unsettled markets and pushed investors toward gold and silver as alternative stores of value.