24 karat of Chandi rate in Pakistan today per tola is PKR: 3265.00 while the 24 karat of 1 gram silver price is PKR:279.93 as per Silver markets, Compared to yesterday’s performance, a -1.36%(Rs: -45) decline in silver has been observed today 21-November-2024. We are seeing yearly increases and decreases in the silver rate. Usually this up and down in Silver Price In Pakistan occurs due to currency fluctuations and political instability. Below is a table of silver prices from the Pakistan bullion market.
| Silver Types | 1 Gram | 10 Grams | 1 Tola | Troy Ounce | 1 Kilogram |
|---|---|---|---|---|---|
|
18-Karat |
178 |
1,783 |
2,080 |
5,546 |
1,78312 |
|
21-Karat |
263 |
2,630 |
3,066 |
8,179 |
2,63000 |
|
22-Karat |
276 |
2,760 |
3,218 |
8,583 |
2,76000 |
|
24-Karat |
302.39 |
3023 |
3527 |
9,404 |
3,02390 |
According to Silver markets, fluctuations may occur in Silver prices in different cities of Pakistan. These Cities include Karachi, Lahore, Islamabad, Multan, Rawalpindi, Quetta, Faisalabad, etc. Silver is distributed in multiple units for measurement like gram(base unit), tola, ounce, troy ounce and kg.
24-Karat Of Silver Price In Pakistan From Different Cities
| Cities | 1 Gram | 10 Grams | 1 Tola | Troy Ounce | 1 Kilogram |
|---|---|---|---|---|---|
|
Lahore |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Karachi |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Multan |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Islamabad |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Hyderabad |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Rawalpindi |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Quetta |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Abbottabad |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
|
Faisalabad |
277.48 |
2774.8 |
3236.52 |
8,6280.64 |
2,77465.94 |
Silver Unit Conversions
11.66 grams=1 Tola
28.35 grams=Ounce
31.10 grams= Troy Ounce
1,000 grams= 1Kg
International Silver Price
| Currencies | Symbols | 1 Gram | 10 Grams | 1 Tola | 1 Ounce |
|---|---|---|---|---|---|
|
US Dollar |
USD ($) |
0.997 |
9.97 |
11.629 |
31.01 |
|
Saudi Riyal |
SAR( ر.س) |
3.74 |
37.4 |
43.62 |
116.31 |
|
Indian Rupee |
INR (₹) |
83.2 |
832 |
970.3 |
2,587.39 |
|
UAE Dirham |
AED (د.إ) |
3.66 |
36.6 |
42.7 |
113 |
|
UK Pound |
GBP (£) |
0.779 |
7.79 |
9.085 |
24.23 |
|
Europen Euro |
EUR (€) |
0,92 |
9 |
11 |
28.67 |
|
Mexican Peso |
MXN ($) |
17.94 |
179.4 |
209.28 |
558.09 |
|
Japanese Yen |
JPY (¥) |
Content |
1,583 |
1,845 |
4,924 |
Influencing Factors On The Silver Price In Pakistan
Here are mention some factors that affect the Silver Rate In Pakistan:
Oscillation in the US dollar
Usually, when the dollar rises, the price of silver should decrease. However, in Pakistan, the opposite happens because the dollar fluctuation causes the price of silver to increase. In the global market, silver is priced in US dollars so when dollars are strong and investors take it in minimum dollars this may be the reason for falls in silver Prices. When buyers buy silver in other currencies they may feel the current rate of silver is increased and industry demand is less which can put pressure on low prices on SBP.
Rising Industrial Demands
Silver is used in industries for different purposes so when industries demand silver metal, its price increases for greater growth. According to data, approximately 50% of industries in Pakistan use it. Silver is used in jewellery, Tableware, Solar panels, Catalysis, Photography, Mirrors, Surgical Instruments, Currency, Etc.
Inflation In Pakistan
When inflation increases in any country investors think about alternatives for investments. They demand or supply precious metals like silver, gold, copper etc for the future. That’s why the IBA (Institute of Business Administration) increases the prices of silver for economic settlements.
What could be the reasons for the decrease in the price of silver?
The prices of silver track the performance of the stock market and economic stability also depends on the GDP(Gross Domestic Product). Usually, the silver rate falls due to recessions(Temporary economic instability and reduction in industrial activities, decline in trading). But the good point is that the price of silver is reduced in rupees and after some time, its prices become stable again, which is why people do not suffer much loss in their investments. Government policies can also affect the silver rate like tariffs, taxes, etc because if silver demand is less automatically silver prices decrease.
Frequently Ask Question (FAQ,s)
Conclusion
We have seen ups and downs in Silver prices in the previous so many years. But still silver is one of the most precious metal companions with us. When people invest, they experience both gains and losses. Yet despite this, investors continue to invest. The above mentions all the silver prices in Pakistan and other countries just to provide information from worldwide. Worldinformia.com Provides updated silver prices not affiliated with any silver or metal dealers. If you want to know the daily prices and Silver scrap prices stay connected with us and keep yourself updated with the latest news every day.