Pakistan’s gold reserves rise to $10.37b: SBP report

KARACHI:  The value of Pakistan’s gold reserves has reached $10.374 billion, according to the latest figures released by the State Bank of Pakistan (SBP), marking a significant increase over recent months.

The central bank reported that Pakistan holds 64.76 tons of gold, and its valuation surged by $1.279 billion in January 2026 alone. Over the first seven months of the current fiscal year, the reserves’ value has increased by $3.5 billion. By comparison, the country’s gold reserves were valued at $6.84 billion in June 2025, totaling 2.082 million ounces, or 5.552 million tolas.

MARKET PRICES FLUCTUATE

Meanwhile, the rise in the value of Pakistan’s gold reserves comes amid fluctuations in local gold prices. Last week, the price of gold per tola fell by Rs 8,600 to Rs 519,962, while 10 grams of gold dropped by Rs 7,373 to Rs 445,783, reflecting short-term market volatility.

Analysts say that while domestic gold prices have softened, the increase in reserves’ international valuation highlights the impact of global gold price trends. “The strengthening of gold reserves provides Pakistan with a buffer against economic uncertainty and foreign exchange pressures,” said a local financial analyst.

The growth in gold reserves not only strengthens Pakistan’s foreign reserves but also serves as a hedge against currency fluctuations and inflationary pressures, providing the central bank with greater financial stability in managing the economy.