Gold rates in Pakistan rebounded on Friday, ending a two-session losing streak as fresh gains in the international market lifted local sentiment.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold rose by Rs3,400 per tola, taking the new rate to Rs469,562 in the local market. The increase came after prices had eased earlier in the week, prompting some buyers to return.
The price of 10 grammes of gold also moved higher. It climbed by Rs2,915 to settle at Rs402,573, reflecting the broader upward trend seen during the day’s trade.
Silver followed a similar path. Its price increased by Rs70 per tola, with the new rate recorded at Rs8,195. Traders said demand for silver remained steady, helped by its lower price point compared to gold.
Just a day earlier, gold prices in Pakistan had slipped by Rs600 per tola to Rs466,162, continuing a short-term decline that had made buyers cautious. The latest jump has now reversed those losses and pushed rates back near recent highs.
Link to global market
The rise in local prices came as international gold rates moved higher. In the global market, gold was quoted at $4,472 per ounce, including a premium of $20, after gaining $34. Investors across major markets remained careful ahead of key US employment data, which often sets the tone for interest rate expectations and currency moves.
Spot gold was trading slightly lower at $4,471.58 per ounce by 1033 GMT on Friday, down 0.1 percent on the day. Despite the mild dip, bullion was still on track for a weekly gain of more than 3 percent. Gold had touched a record high of $4,549.71 on December 26, underlining the strong momentum seen in recent weeks.
US gold futures for February delivery showed some firmness, rising 0.4 percent to $4,480.30. Analysts said the stronger dollar capped sharp gains, but safe-haven demand continued to support prices at elevated levels.
Volatile start to 2026
Gold prices in Pakistan have seen sharp swings since the start of the year. On January 1, rates fell by Rs2,400 per tola to Rs454,562. This was followed by a rise of Rs5,700 on January 2, pushing prices to Rs460,262. The upward move did not last long, as gold dropped by Rs4,700 on January 3.
The first full week of January remained mixed. Prices jumped by Rs9,200 on January 5, slipped again on January 7 and January 8, and have now posted a strong recovery.
Gold price movement in Pakistan since start of 2026
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.
