Karachi, January 20, 2026 – The All Pakistan Sarafa Gems and Jewelers Association (APSGJA) released the daily update of gold and silver prices on Tuesday, reporting fresh record highs amid a continued global rally. The updated rates aim to guide investors, traders, and the general public in the domestic bullion market.
According to APSGJA, both gold and silver prices surged significantly due to strong trends in the international markets, geopolitical tensions, and fluctuations in global trade. The rise in global prices of gold and silver has directly impacted domestic rates, with Pakistan relying on imports to meet the demand for jewelry manufacturing and subsequent exports.
The updated rates for January 20, 2026, are as follows:
| Metal & Purity | Unit | Price (PKR/USD) | Change |
| Gold 24K | Per Tola | 493,662 | +4,300 |
| Gold 24K | Per 10 Grams | 423,235 | +3,686 |
| Gold 22K | Per Tola | 387,979 | +3,379 |
| Gold | Per Ounce (Global) | $4,713 | +43 |
| Silver 24K | Per Tola | 9,869 | +87 |
| Silver 24K | Per 10 Grams | 8,461 | +75 |
| Silver | Per Ounce (Global) | $93.94 | +0.87 |
The association noted that these rates are calculated based on prevailing interbank foreign exchange rates issued by the State Bank of Pakistan (SBP). Analysts say that continued volatility in international markets may drive gold and silver prices even higher in the coming days, making bullion a preferred safe-haven investment for cautious investors.