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'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.