Gold prices in Pakistan continued their upward trajectory for a second consecutive session on Wednesday, tracking a persistent rally in the international bullion market.
The local market saw a notable increase, pushing the price of the precious metal further above the half-million rupee mark. Domestic Price Breakdown (February 11, 2026).
According to data released by the All Pakistan Sarafa Gems and Jewellers Association (APGJSA), the rates for 24-karat gold rose significantly.
Silver prices remained steady in the local market, with one tola of 24-karat silver continuing to trade at Rs 8,615.
The domestic surge follows an uptick in global gold rates. In the international market, the price of gold per ounce increased by $15, settling at $5,035 (including a $20 premium).
Analysts from J.P. Morgan have forecasted that gold prices could average $5,055 per ounce by the final quarter of 2026, driven by sustained central bank buying and global fiscal concerns.
In Pakistan, the skyrocketing price of gold has reportedly pushed some buyers toward silver as an alternative investment to hedge against inflation and currency depreciation.
The stability of the Pakistani rupee (PKR) remains a key factor for local bullion traders. As of February 10, 2026, the interbank exchange rate for the US dollar was recorded with a weighted average bid of 279.38 and an offer of 279.80.
