Silver Hits All-Time High in Pakistan as Gold Rises to Rs440,636 a Tola
Silver touched an all-time high of Rs6,256 per tola in Pakistan on October 16, while gold rose Rs2,800 to Rs440,636 per tola, tracking a jump in the international price to $4,181 an ounce.
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Silver touched an all-time high of Rs6,256 per tola in Pakistan's local bullion market on October 16, 2026, up Rs108 from the previous session, Aaj English TV reported, citing rates from the All Pakistan Gems and Jewellers Sarafa Association (APGJSA). Gold rose alongside it, gaining Rs2,800 to reach Rs440,636 per tola, a figure Daily Pakistan separately confirmed.
What moved both prices
The domestic rise tracked a jump in the international gold price, which climbed $28 to $4,181 an ounce on the same day. Pakistan's local bullion rates are set by converting that international, dollar-denominated price through the prevailing rupee exchange rate and then adjusting for local market conditions, so a global rally shows up in rupee terms within the same trading session. For 10 grams, the gold rate reached Rs377,774, up Rs2,401 from the previous day.
A record for silver, not yet for gold
Silver's Rs6,256 a tola is a genuine first for the local market, Aaj English TV reported. Gold's Rs440,636 is a sharp one-day gain but remains below the metal's own peak earlier in the year, so Saturday's move is a rise, not a record, even as silver set a new high in the same session. Both metals are quoted off the same international bullion market, but over longer stretches they don't always move in lockstep — October 16 was one of the days they did.
Why the move matters beyond jewellery counters
Gold and silver function in Pakistan both as consumer goods, bought for weddings and as gifts, and as a store of value that many households turn to during periods of currency or inflation uncertainty. A sustained rise in both metals, alongside Pakistan's weekly inflation rate, which eased to 11.38 percent in the week to October 15, matters for household savings decisions as much as for anyone buying jewellery this wedding season. Movements in precious metals sit alongside the rupee-dollar rate and the KSE-100 index as indicators economists watch for a read on investor sentiment inside Pakistan.
Where to check today's rate
Gold and silver prices in Pakistan are typically updated once or twice a day and can move within a session, so the figures above are a dated snapshot rather than a live quote. Readers can check the current rate on our gold rate page and our silver rate page, both updated through the day, or through the APGJSA's own notifications.
Build Better Pakistan's Economy Desk tracks commodity and currency movements as part of our ongoing economic coverage.
This article is part of our Economy coverage — Inflation, growth, trade and the everyday cost of living across Pakistan.
Frequently Asked Questions
- What is the record silver price in Pakistan?
- Silver reached Rs6,256 per tola on October 16, 2026, an all-time high in the local market, up Rs108 from the previous session, according to rates reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
- Why are gold and silver prices rising together in Pakistan?
- Both track the international bullion price, which rose that day as gold reached $4,181 an ounce internationally, up $28. Domestic sarafa associations convert the international dollar price through the prevailing rupee rate and adjust it for local market conditions, so a global rally in precious metals shows up in both the gold and silver quotes on the same day.
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