Gold and silver prices continued their upward trend for a second consecutive day on Saturday in both international and domestic markets.

In the international bullion market, the price of gold rose by $37 per ounce to reach $4,509, prompting a corresponding increase in local bullion rates.

In Pakistan’s domestic markets, the price of 24-carat gold increased by Rs3,700 per tola, taking the rate to Rs472,262. The price of 10 grams of gold rose by Rs3,172 to Rs405,745.

Silver prices also recorded gains. The price of silver increased by Rs270 per tola to Rs8,465, while the rate for 10 grams rose by Rs232 to Rs7,257.

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Furthermore, the Sensitive Price Indicator (SPI) for the week ended January 8, 2026, increased by 3.20% year-on-year (YoY), underscoring the continued pressure on household budgets, amid persistent food and energy inflation.

The SPI, which tracks weekly price movements of 51 essential commodities across 50 markets in 17 cities, is a key gauge of short-term inflationary trends.

On a week-on-week (WoW) basis, the SPI rose by 0.12%, reflecting broad-based price increases across consumption quintiles. The WoW inflation was marginally higher for lower- and middle-income groups: Quintile 1 (0.12%), Q2 (0.13%), Q3 (0.13%) and Q4 (0.13%), while the highest-income quintile – Q5 – saw a slightly lower inflation growth of 0.11%.

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On a YoY basis, the inflationary pressure was most pronounced for Q2 (3.65%) and Q3 (3.43%), indicating the disproportionate stress on lower-middle and middle-income households, compared to Q1 (2.42%) and Q5 (2.58%).