KARACHI:
Gold and silver prices rose in both international and domestic markets on Wednesday, continuing the upward trend at the start of the trading week.
In the global bullion market, the price of gold increased by $23 per ounce, reaching $5,058. Locally, the price of gold per tola rose by Rs2,300 to Rs528,562, while the price per 10 grams increased by Rs1,972 to Rs453,156.
Silver prices also climbed, with the rate per tola rising by Rs120 to Rs8,735, and the price per 10 grams increasing by Rs103 to Rs7,488.
Spot gold was 0.5% higher at $5,048.27 per ounce by 0831 GMT. U.S. gold futures for April delivery gained 0.8% to $5,072.60 per ounce.
Spot silver was up 3.4% at $83.40 per ounce, after falling more than 3% in the previous session.
Spot platinum rose 2.8% to $2,146.07 per ounce, while palladium added 2.6% to $1,751.79.
Read: Remittances stay strong at $3.46b
Pakistan received $3.46 billion in workers’ remittances in January 2026, maintaining strong external inflows despite mixed performance across major corridors, with Europe and Western economies showing robust growth while remittances from the United States and parts of Asia weakened, according to provisional data released by the State Bank of Pakistan (SBP).
The January inflows were slightly lower than the $3.59 billion recorded in December 2025, but significantly higher than the $3 billion in January 2025, reflecting continued resilience in diaspora transfers amid global economic uncertainties and evolving migration trends.
Cumulatively, remittances during July-January FY26 reached $23.2 billion, compared with $20.85 billion in the same period last fiscal year, representing an increase of around 11.3%. The rise indicates steady momentum in overseas inflows that continue to support Pakistan’s external account stability.
In the last six months, remittances have averaged $3.331 billion, while over the last 12 months they have averaged $3.387 billion. Remittances in January 2026 were higher than both the six- and 12-month averages, noted Nasheed Malik, Head of Research at Growth Securities.
