Karachi, January 31, 2026 – The All Pakistan Sarafa Gems and Jewelers Association (APSGJA) on Saturday released the latest gold and silver prices to keep the general public and bullion market participants informed about current trends in the precious metals market.
According to the association, gold and silver prices in Pakistan remained under severe pressure, as the domestic bullion market continued to experience a crash-like situation. Both metals recorded sharp declines, mirroring weakness in international markets and ongoing volatility in global financial conditions.
Gold prices fell for the second consecutive day, extending heavy losses seen earlier this week. The price of 24-karat gold per tola dropped by Rs25,500 to settle at Rs511,862, while the rate per 10 grams declined by Rs21,862 to Rs438,839. Similarly, 22-karat gold prices also witnessed a notable decrease, reflecting reduced investor demand amid uncertainty.
Silver prices followed the same downward trajectory, posting steep losses in the local market. The price of 24-karat silver per tola fell by more than Rs2,000, while per 10 grams rates also declined significantly. Market experts noted that weaker global prices and currency-related factors played a key role in the sharp correction.
The APSGJA clarified that local gold and silver prices are calculated on the basis of prevailing interbank foreign exchange rates issued by the State Bank of Pakistan (SBP), along with trends in international bullion markets.
Gold and Silver Prices in Pakistan (January 31, 2026)
| Metal | Price | Change |
| Gold 24-karat per tola | Rs511,862 | -Rs25,500 |
| Gold 24-karat per 10 grams | Rs438,839 | -Rs21,862 |
| Gold 22-karat per 10 grams | Rs402,283 | -Rs20,041 |
| Gold (global per ounce) | $4,895 | -$255 |
| Silver 24-karat per tola | Rs9,006 | -Rs2,063 |
| Silver 24-karat per 10 grams | Rs7,721 | -Rs1,768 |
| Silver (global per ounce) | $85.31 | -$20.63 |