Silver Price in Pakistan Today (November) 2024
Silver Price in Pakistan Today for 10 Gram is PKR 2713 and Today Silver rate in Pakistan per Tola is PKR 2,550. Silver rates may be different in every city of Pakistan.
As you all know that Silver is a precious metal that has been a part of human civilization for centuries, valued for its use in jewelry, currency, and industrial applications. In Pakistan, silver is not only used for ornaments and religious purposes but also plays a significant role in industries like electronics, solar energy, and more. If you’re looking to understand the silver price trends in Pakistan for 2024, this guide will provide you with all the necessary information.
The table below provides the latest rates of silver (Chandi), including rates for 24 karat, 22 karat, 21 karat, and 18 karat. It mentions rates per gram, per ten grams, and per tola, as well as rates per ounce and rates per kilogram.
Silver Price in Pakistan Today 2024
| Silver Type | Rate per Gram | Rate per 10 Grams | Rate per Tola | Rate per Troy Ounce | Rate Per Kilo |
|---|---|---|---|---|---|
| 24K | 219 | 2186 | 2550 | 6800 | 218,621 |
| 22k | 200 | 1999 | 2331 | 6217 | 199,887 |
| 21k | 191 | 1905 | 2222 | 5925 | 190,507 |
| 18k | 162 | 1624 | 1894 | 5051 | 162,392 |
While keeping up with the latest silver price in Pakistan, take a break and explore Gold Price in Paistan 2024 as well. The latest rates that we have provided you on Pricepkofficial.com are approximately accurate, but there still might be a slight difference in rates based on your area.
52.5 Tola Chandi Rate in Different Cities of Pakistan
| City Name | 52.5 Tola Chandi City Prices |
|---|---|
| Karachi | 133,875 |
| Hyderabad | 133,875 |
| Lahore | 133,875 |
| Multan | 133,875 |
| Islamabad | 133,875 |
| Faisalabad | 133,875 |
| Rawalpindi | 133,875 |
| Quetta | 133,875 |
Silver Price in Different Cities of Pakistan
| City Name | Silver Rate per Tola | Silver Rate per 10 grams |
|---|---|---|
| Karachi | 2,550 | 2,186 |
| Hyderabad | 2,550 | 2,186 |
| Lahore | 2,550 | 2,186 |
| Multan | 2,550 | 2,186 |
| Islamabad | 2,550 | 2,186 |
| Faisalabad | 2,550 | 2,186 |
| Rawalpindi | 2,550 | 2,186 |
| Quetta | 2,550 | 2,186 |
1. Introduction to Silver as a Precious Metal
Silver has been a popular precious metal, prized for its shiny appearance, malleability, and wide range of uses. In Pakistan, silver is often used for jewelry, household items, and religious purposes. Unlike gold, silver is more affordable, making it accessible for a larger segment of the population.
With its multiple uses across industries and its role as a safe investment during economic uncertainty, silver remains an attractive option for both personal and investment purposes.
2. Factors Affecting Silver Price in Pakistan
Several factors influence the price of silver in Pakistan. Understanding these factors can help buyers and investors make informed decisions:
a. Global Silver Prices
The international market heavily influences silver prices in Pakistan. Silver is traded globally, and its price in the local market fluctuates based on the international price per ounce. Economic conditions, demand for silver in industries, and investor sentiment all play a role in determining its value.
b. Currency Exchange Rates
Since silver is imported into Pakistan, the value of the Pakistani Rupee (PKR) against the US Dollar (USD) significantly affects the price. A weaker Rupee means that imported silver becomes more expensive, pushing local prices higher.
c. Demand and Supply
The basic principle of demand and supply also applies to silver. When the demand for silver rises, perhaps due to its industrial or investment appeal, prices tend to go up. Similarly, if there’s a supply shortage, prices are likely to rise.
d. Inflation
Higher inflation leads to higher commodity prices, including silver. People tend to invest in silver and other precious metals as a hedge against inflation, which drives prices higher.
e. Government Policies
Import duties, taxes, and other regulations set by the Pakistani government can affect the price of silver. Any increase in import taxes, for example, would increase silver prices in the local market.
3. Silver Price Trends in Pakistan for 2024
As of 2024, silver price in Pakistan have seen fluctuations due to global economic conditions, the weakening of the Pakistani Rupee, and the growing demand for silver in industrial applications. On average, the price of silver in Pakistan for 2024 ranges between PKR 1,800 to PKR 2,500 per tola (11.66 grams), depending on global market trends.
The silver price trend in 2024 has been upward, reflecting the international market’s volatility and increased industrial demand for silver in sectors such as solar energy and electronics.
4. Silver Prices in Major Cities
The silver rate in pakistan can vary slightly across different cities in Pakistan due to local demand and supply, transportation costs, and other regional factors. Here’s a breakdown of the average silver prices in Pakistan’s major cities for 2024:
a. Karachi
- Silver Price (per tola): PKR 1,850 to PKR 2,450
- Karachi, being the largest city and financial hub, tends to have slightly lower prices due to better market access.
b. Lahore
- Silver Price (per tola): PKR 1,900 to PKR 2,500
- Lahore sees stable silver prices with minimal fluctuations compared to other cities.
c. Islamabad
- Silver Price (per tola): PKR 1,850 to PKR 2,500
- In Islamabad, prices are influenced by local demand and the overall market environment.
5. Comparison of Silver with Gold Prices
When compared to gold, silver is much more affordable, making it a good option for people looking to invest in precious metals without spending large amounts. In 2024, the price of gold per tola is around PKR 220,000, which is significantly higher than silver, reflecting gold’s status as a rarer and more valuable metal.
6. Global Market Influence on Silver Prices
Silver price in Pakistan are directly linked to the global market. In 2024, geopolitical tensions, rising inflation, and supply chain issues have contributed to the price increase in silver. Additionally, the demand for silver in technological applications such as solar panels, electric vehicles, and electronics has increased, pushing global silver price in pakistan higher.
7. Role of Inflation and Currency Exchange Rates
Inflation in Pakistan has been a significant factor influencing silver price in pakistan. As the cost of living rises, people turn to commodities like silver to preserve their wealth, which drives up demand and prices. Additionally, the devaluation of the Pakistani Rupee against the US Dollar means that imported silver becomes more expensive, further pushing local prices higher.
8. Industrial and Technological Uses of Silver
One of the key drivers of silver prices is its use in industries, particularly in electronics and renewable energy. Silver is used in the manufacturing of solar panels, which are becoming increasingly important in Pakistan’s energy mix. The growth of the electric vehicle market has also contributed to the rising demand for silver in batteries and electrical components.
9. Investment in Silver: Is it a Good Option in 2024?
Given the economic uncertainty and rising inflation in 2024, silver remains a relatively safe investment. It is more affordable than gold, making it accessible to small investors. Additionally, the industrial demand for silver continues to grow, which could lead to further price increases.
Pros of Investing in Silver:
- Affordable compared to gold.
- High demand in industries like electronics and solar energy.
- Hedge against inflation.
Cons of Investing in Silver:
- Price volatility.
- Storage and purity verification can be challenging.
10. Silver vs Gold: Which is a Better Investment?
When it comes to precious metals, both silver and gold have their advantages. While gold is seen as a stable and high-value asset, silver is more affordable and has significant industrial applications. In 2024, investors may choose silver for its affordability and potential for price appreciation, especially as industrial demand increases.
For long-term wealth preservation, gold may still be the preferred choice due to its lower price volatility. However, silver presents a good option for investors looking for medium-term gains or for those who wish to diversify their portfolios.
11. How to Buy Silver in Pakistan
Silver can be purchased from jewelry shops, bullion dealers, and even online marketplaces in Pakistan. When buying silver, it is important to ensure that you are getting pure silver (usually 99.9% purity). Some of the ways to buy silver in Pakistan include:
- Physical silver: Silver bars, coins, or jewelry.
- Silver certificates: Paper-based investment where the physical silver is stored with a trusted entity.
- Online platforms: Some e-commerce platforms allow the purchase of silver with guaranteed purity.
12. Tips for Investing in Silver
Investing in silver requires careful consideration, especially with fluctuating prices. Here are some tips for those looking to invest in silver:
- Monitor global prices: Keep an eye on international silver prices and currency exchange rates.
- Diversify: Don’t put all your money into silver; balance your portfolio with other assets.
- Buy from trusted sources: Ensure you are purchasing from reputable dealers to avoid issues with purity.
- Invest in small amounts: Start small, especially if you’re new to silver investing, and gradually increase your investment.
