The price of gold in Pakistan has surged for the fifth consecutive session, as the yellow metal and silver hit new all-time highs in global and local gold markets.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by Rs500 per tola on Friday, reaching Rs473,362, as global rates rose amid steady investor demand.

The price of 10 grams of gold also climbed by Rs429 to Rs405,831, according to the APSGJA.

The price of 10g of 22-karat gold increased by Rs393 to reach Rs372,025.

Also Read: Gold prices hit record high in Pakistan - Dec 24, 2025

In the international market, gold prices increased by $5 per ounce to settle at $4,510. The uptick reflects sustained global interest in precious metals amid economic uncertainty and shifting currency trends.

Silver followed a similar trajectory, with the price per tola of 24-karat silver rising by Rs240 to Rs7,945. The price of 10 grammes of 24k silver hiked by Rs206 to be sold for Rs6,811.

Meanwhile, on the global platform, gold, silver, and platinum hit record highs, as speculative momentum and thinning year-end liquidity powered the precious metals, along with markets pricing in more US rate cuts, and rising geopolitical tension.

Spot gold rose 0.6% to $4,504.79 per ounce, as of 0423 GMT, after touching a record $4,530.60 earlier, while US gold futures for February delivery climbed 0.7% to $4,535.20.

Also Read: Gold, silver, platinum hit record highs

Spot silver jumped 3.6% to $74.56 per ounce, after touching an all-time high of $75.14.

"Momentum-driven and speculative players have been powering the rally in gold and silver since early December, with thin year-end liquidity, expectations of prolonged US rate cuts, a weaker dollar and a flare-up in geopolitical risks combining to push precious metals to fresh record highs," said Kelvin Wong, senior market analyst at OANDA.

"Looking ahead into the first half of 2026, gold could move towards the $5,000 level, while silver has the potential to reach around $90."

Gold has staged a strong rally this year, recording its biggest annual gain since 1979, fueled by Federal Reserve policy easing, geopolitical uncertainty, strong central bank demand, rising ETF holdings, and ongoing de-dollarisation. Silver soared 158% year-to-date, outpacing gold's nearly 72% gain, on structural deficits, its listing as a US critical mineral, and robust industrial demand.