Currently, silver is being traded at:
| Weight | Rate (PKR) | Details |
|---|---|---|
| 1 Gram | 943.1 | Fine Silver |
| 10 Grams | 9,431 | Fine Silver |
| 1 Tola | 11,003 | Market Rate |
The rise in silver prices aligns closely with the performance of gold in Pakistan. Today, 24K gold is priced at Rs. 540,562 per tola, showing a parallel upward movement in the precious metals market.
Why Silver Prices Are Increasing
Strong Gold Correlation: Silver often follows gold’s global trend, and the ongoing strength in gold prices has provided additional support to silver rates.
International Market Influence: Higher global spot silver prices and currency exchange fluctuations have contributed to increased local rates.
Industrial Demand: Silver remains essential for industries such as solar energy, electric vehicles, and electronics, maintaining strong global demand.
Local Buying Activity: Investors and jewelers in Pakistan are increasingly turning to silver as a hedge against inflation and as a more affordable alternative to gold.
Market analysts suggest that silver may remain volatile but supported by both investment interest and industrial usage. Buyers are advised to confirm live rates from their local Sarafa market before making transactions, as prices may fluctuate throughout the day.
Stay updated with daily silver and gold price movements to make informed investment decisions.
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