gold and silver price in pakistanImage Credit source: ai generated
Gold has always been considered not just a jewelery for Indian families but also a companion in bad times. This strongest guarantee of a secure future is slipping from the hands of the common man today. If you think that gold prices are skyrocketing in India, then just look towards the neighboring country Pakistan. Seeing the conditions there, you will probably forget your inflation. Inflation in Pakistan, weakening currency and global market pressure have kept gold as an investment vehicle, but buying it has now become like chewing iron. Their prices have increased so much that now even rich people have started thinking twice-three times before buying.
The latest figures being received from Pakistan's bullion market are at historic highs. On February 8, 2026, the price of 24 carat gold was recorded at around 43,532.40 Pakistani rupees (PKR) per gram. If we look at it in terms of weight, then this figure is enough to give sleepless nights to any middle class family. The price of one tola 24 carat gold has reached between Rs 5,15,000 to Rs 5,19,000.
At the same time, if we talk about 22 carat gold used in making jewellery, there is no hope of relief there too. Its rate is around Rs 40,534 to Rs 41,257 per gram. There is no significant difference in prices in big cities like Karachi, Lahore and Islamabad, which means the impact of inflation is the same in the entire country.
These skyrocketing prices have deeply affected the social fabric of Pakistan. Gold is no longer a hobby or an object of adornment, but has become a dream which is not within everyone's reach. The middle class and lower income group which earlier used to add a little gold for their daughter's marriage, now looks completely helpless.
People are no longer able to muster the courage to buy new jewelery even for weddings and traditional rituals. The situation has become such that people are forced to make do with old gold or very light jewellery.
Even silver, which is called the gold of the poor, is no longer cheap. Following the trend of gold, there has been a tremendous rise in the prices of silver also. If we look at the data of February 8, 2026, the price of silver in Pakistan has reached around Rs 8000 (PKR) per tola. At the same time, people have to pay around Rs 700 per gram of silver.
If someone wants to buy one kg of silver for investment, he will have to spend approximately 7,00,176 Pakistani rupees. This rise in silver prices in the last one year has broken the backs of both small investors and silver artisans.
Market experts and experts believe that the story behind this huge increase is related to the economic crisis of Pakistan. The biggest reason is the continuous weakening of the Pakistani rupee. When the domestic currency falls against the dollar, gold imported from outside automatically becomes expensive. Apart from this, global market pressure has also added fuel to the fire.
