KARACHI: Gold and silver prices continued their upward trend on Wednesday, rising in both international and local markets at the start of the trading week.
In the global bullion market, gold gained $23 per ounce, reaching $5,058. In Pakistan, the price of gold per tola rose by Rs2,300 to Rs528,562, while the rate 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, and U.S. gold futures for April delivery gained 0.8% to $5,072.60 per ounce. Spot silver rose 3.4% to $83.40 per ounce after dropping more than 3% in the previous session. Spot platinum increased 2.8% to $2,146.07 per ounce, while palladium added 2.6% to $1,751.79.
Meanwhile, Pakistan received $3.46 billion in workers’ remittances in January 2026, showing continued strong inflows despite mixed trends in major corridors. Europe and Western economies reported robust growth in remittances, while the United States and parts of Asia saw weaker flows, according to provisional data from the State Bank of Pakistan (SBP).
January’s inflows were slightly below the $3.59 billion recorded in December 2025 but well above the $3 billion received in January 2025. This demonstrates the resilience of diaspora transfers amid global economic uncertainties and shifting migration patterns.
Cumulatively, remittances from July to January FY26 reached $23.2 billion compared with $20.85 billion in the same period last fiscal year, reflecting an increase of around 11.3%. This rise indicates steady momentum in overseas inflows, which continue to support Pakistan’s external account stability.
Over the past six months, remittances have averaged $3.331 billion per month, while the 12-month average stands at $3.387 billion. January 2026 inflows were higher than both the six- and 12-month averages, said Nasheed Malik, Head of Research at Growth Securities.