Karachi, January 24, 2026 – Precious metals in Pakistan surged to all-time highs on Saturday as investors flocked to gold and silver amid global economic uncertainty. According to the All Pakistan Sarafa Gems and Jewelers Association, both metals witnessed unprecedented gains in local and international markets, sparking excitement among traders and investors alike.
The latest rates for gold and silver in Pakistan are as follows:
| Metal & Purity | Local Price | Change | International Price | Change |
| Gold 24K per tola | Rs521,162 | +Rs6,500 | $4,988 per ounce | +$65 |
| Gold 24K per 10g | Rs446,821 | +Rs5,573 | — | — |
| Gold 22K per 10g | Rs409,592 | +Rs5,109 | — | — |
| Silver 24K per tola | Rs10,801 | +Rs526 | $103.26 per ounce | +$5.26 |
| Silver 24K per 10g | Rs9,260 | +Rs451 | — | — |
Analysts attributed the surge to strong investor demand for safe-haven assets, fluctuations in global markets, and expectations of monetary easing in the United States. As Pakistan is a net importer of gold and silver, international price shifts heavily influence domestic rates, making local markets highly sensitive to global trends.
The association also confirmed that local gold and silver prices are calculated based on prevailing interbank foreign exchange rates released by the State Bank of Pakistan (SBP). Experts warn that this historic rally could continue as market volatility and global uncertainties push investors toward precious metals, making gold and silver the most sought-after commodities in Pakistan right now.