Silver prices in Pakistan sustained a robust upward trajectory on Tuesday, with the rate for one tola crossing the Rs 8,000 mark amid strong international cues and heightened local demand. According to the Sarafa Association, the precious metal was trading at Rs 8,001 per tola, while 10 grams were quoted at Rs 6,858 and one gram at Rs 685.8. The rally mirrors global trends where spot silver has remained elevated, driven by its dual appeal as a safe-haven asset and an industrial commodity.
The latest figures represent a firm continuation of silver’s recent positive momentum, supported by a robust link to gold. With international gold prices hovering above $5,100 per ounce and domestic 24K gold at approximately Rs 510,000 per tola, investors have increasingly turned to silver for portfolio diversification and inflation hedging. Market analysts point to the metal’s growing role in green technologies—such as solar panels and electric vehicles—as a key structural driver of demand.
In Pakistan, the local silver market has benefited from active buying by jewelers and retail investors, who view silver as a more accessible precious metal compared to gold. The Karachi Sarafa market reported steady orders throughout the day, with traders noting that the chandi ka rate remains highly sensitive to fluctuations in the international spot price and the rupee-dollar exchange rate. Reuters commodity analysts have highlighted that silver’s industrial applications, particularly in electronics and clean energy, are providing a price floor even amid broader economic uncertainties.
Experts advise buyers to verify live rates with local Sarafa markets before making transactions, as prices can shift rapidly with global market movements. The current trend suggests that silver will continue to attract interest both as a store of value and a strategic industrial input. For the latest updates on gold and silver rates in Pakistan, visit PakistanFrontier.com.
Source: ARY News