Gold and silver prices extended gains for a second straight day on Saturday across international and domestic markets, reflecting sustained demand amid inflation concerns.
In the international bullion market, gold prices rose by $37 per ounce to $4,509. The increase translated into higher local rates in Pakistan’s bullion markets.
At home, the price of 24-carat gold jumped by Rs3,700 per tola to Rs472,262. The rate for 10 grams increased by Rs 3,172 to Rs 405,745, according to market data.
Silver prices also moved higher. The price of silver rose by Rs270 per tola to Rs8,465, while 10 grams gained Rs232 to reach Rs7,257.
Inflation indicators added to market caution. The Sensitive Price Indicator (SPI) for the week ended January 8, 2026, increased by 3.20% year-on-year. The rise highlights continued pressure on household budgets amid elevated food and energy costs.
The fact that silver continues to be aggressively accumulated at these levels is a strong signal that this market is not peaking, but stabilizing at a higher regime.
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In just the last 24 hours, we learned that Fannie and Freddie will be buying $200 billion in… pic.twitter.com/iBX3RS4paC
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The SPI tracks weekly price movements of 51 essential commodities across 50 markets in 17 cities. It serves as a key barometer of short-term inflation trends.
On a week-on-week basis, the SPI increased by 0.12%, indicating broad-based price increases across income groups. Inflation was slightly higher for lower- and middle-income households, with Quintile 1 at 0.12% and Quintiles 2, 3, and 4 at 0.13%. The highest-income group, Quintile 5, recorded a marginally lower increase of 0.11%.
Read: Gold Prices Jump by Rs3,400 Per Tola in Pakistan
Year-on-year data showed stronger inflationary pressure on lower-middle and middle-income households. Quintile 2 posted a 3.65% increase, while Quintile 3 rose by 3.43%. These compared with 2.42% for Quintile 1 and 2.58% for Quintile 5, underscoring uneven cost-of-living stress across income segments.