Gold and Silver Prices in Pakistan Today: Why Rates Are Rising?

Gold and silver

Gold prices in Pakistan have been rising steadily, with 24K gold now reaching very high levels. The main reasons include the weakening of the Pakistani rupee against the US dollar, rising global gold rates, and increased demand from investors and jewelers. When the rupee loses value, imported gold becomes more expensive, pushing domestic prices higher. Additionally, economic uncertainty, inflation, and geopolitical tensions encourage people to invest in gold as a safe-haven asset, further driving up the price.

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Pakistan Gold Rates Table (29 January 2026)

Purity (Karat) Per Tola (PKR) Per Gram (PKR) Per Ounce (PKR)
24K 554,958 47,564 1,481,460
23K 532,747 45,671 1,421,985
22K 508,786 43,599 1,356,245
21K 485,455 41,583 1,294,101
20K 462,465 39,610 1,233,138
18K 416,218 35,654 1,109,284

Pakistan Silver Rates Table (29 January 2026)

Weight / Unit PKR Price USD Price (Approx)
Per Tola 12,000 $43 USD
Per Gram 1,029 $3.7 USD
Per Ounce 32,034 ~114 USD

Factors Driving Daily Gold Price Hikes

Another reason for daily gold price increases is speculation and trading in the global market. International gold prices react to US Federal Reserve policies, interest rate changes, and global economic data. Whenever global gold rates increase, Pakistan imports gold at higher prices, which directly affects the local market. Moreover, high demand during wedding seasons or festivals also causes short-term spikes in gold rates. These combined factors explain why gold prices in Pakistan seem to increase almost daily.

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