WordlInformia

World Informia

Silver Price In Pakistan 06 December 2024

Silver Price In Pakistan

24 karat of Chandi rate in Pakistan today per tola is PKR: 3285.00 while the 24 karat of 1 gram silver price is PKR:281.64 as per Silver markets, Compared to yesterday’s performance, a 0.86%(Rs: 28) increase in silver has been observed today 06-December-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

Silver Prices in other currencies are listed below in a table;
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)

Silver spot price mean what is the current rate of silver in the global market in per troy ounce.or in other words, we can say that the price at the time of the buyer’s purchase is called the silver spot price. The silver spot price is $30.99 in the world.
According to the current silver rate 5 Tola chnadi is PKR:16,159.59. For ensuring you can also check it by multiplying 58.3g by 277.18 from grams to tola conversion.
52 Tola Chandi price in pakistan is PKR 1,681168 and 52.5 tola silver price in pakistan is 169732.5.
Sterling silver is referred to as original silver, also called 925, because it contains 92.5% silver. For further information, you can check Sterling silver detail.

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.

 

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top