Gold prices in Pakistan recorded a sharp increase on Friday, January 9, 2026, mirroring a strong upward trend in the international bullion market, according to figures released by the All Pakistan Sarafa Gems and Jewellers Association. The surge reflects heightened investor interest amid ongoing global economic uncertainty and volatility in financial markets.
The price of 24-karat gold rose by Rs3,400 per tola, reaching Rs469,562, while 10 grams of 24-karat gold increased by Rs2,915 to settle at Rs402,573. Prices of 22-karat gold also moved higher, with 10 grams climbing by Rs2,672 to Rs369,038, indicating broad-based gains across all purity categories.
Silver prices followed a similar upward trajectory in the local market. The rate of 24-karat silver increased by Rs70 per tola to Rs8,195, while 10 grams of silver rose by Rs60 to Rs7,025, reflecting rising demand in line with global trends.
In the international market, gold prices advanced by $34 to reach $4,472 per ounce, while silver gained $0.70 to trade at $77.20 per ounce. Analysts attribute the rally to persistent concerns over global economic growth, inflationary pressures, and geopolitical developments, which continue to drive investors toward precious metals.
Market experts say the outlook for gold remains positive as it is widely regarded as a safe-haven asset. Its intrinsic value, limited supply, and independence from monetary policy decisions make it a preferred store of wealth during uncertain times. Unlike fiat currencies, which can be printed in unlimited quantities and are heavily influenced by central bank policies, gold is a finite resource with a long history of preserving value.
This scarcity underpins gold’s role as a hedge against inflation and currency depreciation. When the purchasing power of paper currencies weakens, gold has traditionally maintained its value, offering protection to investors seeking stability. As global economic challenges persist, demand for gold is expected to remain strong, supporting prices in both international and domestic markets.