Gold, silver prices hit all-time high in Pakistan
KARACHI: Gold and silver prices hit all-time high in Pakistan on Tuesday, January 20, 2026, as a sharp rally in the international bullion market pushed local rates to unprecedented levels, according to data released by the All Pakistan Sarafa, Gems and Jewellers Association (APSGJA).
The price of gold per tola surged by Rs4,300 to Rs493,662, compared to Rs489,362 recorded a day earlier. Meanwhile, the price of 10 grams of 24-karat gold increased by Rs3,686 to Rs423,235, up from Rs419,549.
In the global market, gold prices climbed $43 to $4,713 per ounce, reflecting heightened investor demand for safe-haven assets amid ongoing economic and geopolitical uncertainty.
Silver prices also moved sharply upward, with 24-karat silver per tola rising by Rs87 to Rs9,869, marking a fresh record in the domestic market.
Market analysts said the outlook for bullion remains bullish as investors worldwide continue to seek refuge in precious metals. They noted that gold’s limited supply, intrinsic value, and historical independence from government and central bank monetary policies make it one of the most reliable hedges against inflation, currency depreciation, and broader financial instability.
Gold is widely regarded as a dependable store of value, particularly during periods of economic turbulence, as it tends to preserve wealth when the purchasing power of paper currencies erodes.
Analysts further pointed out that gold’s performance during geopolitical instability has reinforced its status as an evergreen asset. In times of war, trade disputes, or global market volatility, investors often retreat from riskier instruments such as equities and speculative currencies, shifting capital toward bullion for stability.
This sustained flight to safety creates a cycle of strong demand that continues to support gold prices even when other sectors of the economy face downturns. For centuries, gold has served not only as a commodity but also as a universal symbol of financial security that transcends borders, currencies, and economic systems.
