Gold prices massive increase in Pakistan – Jan 23, 2026: Check new rates

Precious metal prices in Pakistan saw a huge increase on Friday, with both gold and silver reaching record highs.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the domestic market reacted sharply to a rise in global bullion prices.

Gold Prices

• The price of 24-karat gold per tola increased by Rs. 9,100, reaching Rs. 514,662.

• This is one of the largest single-day gains in recent history.

Silver Prices

• 24-karat silver per tola rose by Rs. 372, reaching Rs. 10,275.

Why Prices Are Rising

The hike is linked to volatile international markets:

• Global gold prices surged by $91, reaching $4,923 per ounce.

• Global silver jumped by $3.72, reaching $98 per ounce.

Analysts say that geopolitical tensions and a weaker US dollar are pushing investors toward safe-haven assets like gold and silver, driving prices up both internationally and in Pakistan.

Experts also noted that the high prices are affecting the local jewelry market, slowing sales as consumers face rising costs.