Gold prices in Pakistan continued to climb on Wednesday, marking the third straight day of gains as strong global demand and rising international rates pushed local prices to a new peak.
According to rates shared by the All Pakistan Gems and Jewellers Sarafa Association, the price of 24 carat gold rose by Rs4,300 to Rs486,162 per tola. This is the highest level recorded so far in the domestic market.
The price of 24 carat gold per 10 gramme also moved higher, increasing by Rs3,687 to Rs416,805. Meanwhile, 22 carat gold was quoted at Rs382,085 per 10 gramme.
Silver prices followed the same upward trend. The rate of 24 carat silver rose by Rs500 to Rs9,575 per tola, while silver per 10 gramme increased by Rs429 to Rs8,209.
The steady rise in local prices reflects strong gains in the international market. Spot gold was trading near $4,634 an ounce, up by $37.8 or 0.82 percent from the previous session. During the day, gold touched fresh highs as investors reacted to economic data from the United States and ongoing global uncertainty.
Internationally, gold climbed to a new record on Wednesday, while silver crossed the $90 mark for the first time. Softer than expected US inflation data strengthened expectations that interest rates may be cut in the coming months.
Spot gold rose around one percent to $4,632.03 per ounce by early morning GMT, after touching an intraday high of $4,639.42. US gold futures for February delivery were also higher, trading close to $4,639.50.
Silver showed even stronger momentum. Spot silver jumped 3.6 percent to $90.11 per ounce and has gained nearly 27 percent so far this year.
Market analysts say recent US inflation figures have played a key role in lifting precious metals. Tim Waterer, chief market analyst at KCM Trade, said inflation in the US remained relatively contained, which has kept hopes alive for further easing in monetary policy.
US data showed the Consumer Price Index rising 2.6 percent on a yearly basis, while core inflation increased by 0.2 percent in December. Both readings came in below market expectations. Investors are now waiting for US producer price data due later in the day.
US President Donald Trump welcomed the inflation figures and again called on Federal Reserve Chair Jerome Powell to cut interest rates more sharply.
In Pakistan, gold prices have shown sharp swings since the start of 2026, but the overall trend has remained upward. After starting the year at Rs454,562 per tola on January 1, prices rose sharply on several days, including a jump of Rs9,200 on January 5 and Rs7,700 on January 12.
Despite a few brief pullbacks earlier in the month, the latest surge has pushed prices to levels not seen before, reflecting the strong link between local rates and global market movements.
Gold rate in Pakistan since start of 2026
January 14, 2026: Gold price jumped Rs4,300 per tola to Rs486,162.
January 13, 2026: Gold rate increased Rs900 per tola to hit Rs481,862.
January 12, 2026: Gold price rose Rs7,700 per tola to Rs480,962.
January 10, 2026: Gold price surged Rs3,700 per tola to Rs473,262.
January 9, 2026: Gold price increased Rs3,400 per tola to Rs469,562.
January 8, 2026: Gold price dropped by Rs600 per tola to Rs466,162.
January 7, 2026: Gold dropped by Rs1,200 per tola to Rs466,762.
January 6, 2026: Gold rose by Rs3,200 per tola to Rs467,962.
January 5, 2026: Gold gained Rs9,200 per tola to settle at Rs464,762.
January 3, 2026: Gold fell by Rs4,700 per tola to Rs455,562.
January 2, 2026: Gold increased by Rs5,700 per tola to Rs460,262.
January 1, 2026: Gold declined by Rs2,400 per tola to Rs454,562.
