KARACHI: Gold prices in Pakistan surged to a record high on January 12, 2026, with the rate for 24-carat gold reaching Rs480,962 per tola, while 10-gram gold traded at Rs412,347 in local bullion markets.
According to Sarafa associations, the price of per tola gold rose by Rs7,700 on January 10, while 10-gram gold increased by Rs6,602, reflecting continued demand and market volatility.
Current Precious Metal Rates in Pakistan (12-Jan-26):
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Gold per tola: Rs480,962
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Gold per 10 gram: Rs412,347
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Silver per tola: Rs8,895
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Silver per 10 gram: Rs7,626
These live rates are applicable across major cities, including Karachi, Lahore, Islamabad, Rawalpindi, Quetta, and Multan, though minor fluctuations may occur during the day.
Internationally, gold prices gained $77, reaching $4,586 per ounce, with a $20 premium added in the local market. Silver prices also remained strong, with 24-carat silver trading at Rs8,895 per tola and 10-gram silver at Rs7,626.
Over the last 10 trading sessions, gold and silver have shown steady gains in Pakistan’s bullion market:
| Date | 24K Gold | 24K Silver |
|---|---|---|
| 10-Jan-26 | Rs473,262 | Rs8,465 |
| 09-Jan-26 | Rs469,562 | Rs8,195 |
| 08-Jan-26 | Rs466,162 | Rs8,125 |
| 07-Jan-26 | Rs466,762 | Rs8,361 |
| 06-Jan-26 | Rs467,962 | Rs8,361 |
| 05-Jan-26 | Rs464,762 | Rs8,023 |
| 03-Jan-26 | Rs455,562 | Rs7,756 |
| 02-Jan-26 | Rs460,262 | Rs7,862 |
| 01-Jan-26 | Rs454,562 | Rs7,635 |
| 31-Dec-25 | Rs456,962 | Rs7,718 |
Analysts say gold rates in Pakistan are largely influenced by international gold prices, US dollar value, investor demand, and rupee fluctuations, as the country remains a net importer of the precious metal.
Gold continues to serve as a safe-haven investment, especially during periods of economic and political uncertainty, while also remaining a key component in jewellery manufacturing.
Market experts note that daily gold prices are impacted by multiple factors including supply and demand, international market trends, interest rates, and inflation expectations.
The Sarafa associations in Pakistan continue to play a central role in fixing gold and silver prices across major cities, ensuring transparency for consumers and investors alike.
