As of Wednesday, July 12, 2023, the current silver rate in Pakistan stands at Rs. 2,062 per 10 grams, while the rate for one tola of silver is Rs. 2,406. These rates are obtained from the Saraf market, and they are subject to daily updates.
Current Silver Rates in Pakistan:
- Silver 10 Grams: Rs. 2,062
- Silver 1 Tola: Rs. 2,406
Silver Prices in Major Cities of Pakistan:
| City | 10 Grams | Per Tola |
|---|---|---|
| Karachi | Rs. 2,062 | Rs. 2,406 |
| Hyderabad | Rs. 2,062 | Rs. 2,406 |
| Lahore | Rs. 2,062 | Rs. 2,406 |
| Multan | Rs. 2,062 | Rs. 2,406 |
| Islamabad | Rs. 2,062 | Rs. 2,406 |
| Faisalabad | Rs. 2,062 | Rs. 2,406 |
| Rawalpindi | Rs. 2,062 | Rs. 2,406 |
| Quetta | Rs. 2,062 | Rs. 2,406 |
Silver holds great significance in the precious metals market, and its rates often fluctuate due to various economic factors. Many individuals and businesses keep a close eye on silver prices as they have a significant impact on investments and jewelry-making.
Understanding the current silver rates in Pakistan is essential for anyone involved in silver trading or those interested in buying or selling silver items. The rates mentioned above provide a snapshot of the current market conditions.
Silver rates in Pakistan are influenced by global market trends, the value of the local currency, and supply and demand dynamics. Therefore, it is important to stay updated with the latest rates to make informed decisions.
The prices mentioned above are indicative and may vary slightly based on local market conditions and the quality of silver being traded. It is advisable to check with local jewelers or trusted market sources for real-time prices before making any transactions.
Silver rates can also vary from city to city within Pakistan. The table above highlights the rates for major cities such as Karachi, Hyderabad, Lahore, Multan, Islamabad, Faisalabad, Rawalpindi, and Quetta. These rates give individuals a better understanding of the regional variations in silver prices.
When tracking silver rates, it is crucial to consider factors such as purity, weight, and market demand. These factors can significantly impact the final price of silver items. Therefore, it is recommended to consult professionals or trusted experts in the field before making any purchases or sales.
Investing in silver can be a lucrative venture, but it also carries certain risks. As with any investment, it is important to conduct thorough research, analyze market trends, and seek advice from financial experts or brokers.
Related Article: Silver Prices in Pakistan – 11 July 2023
Conclusion
The current silver rates in Pakistan are subject to daily fluctuations and can vary across different cities. Staying informed about these rates is crucial for individuals involved in silver trading or those interested in buying or selling silver. It is advisable to consult reliable market sources for real-time prices and seek professional guidance before making any financial decisions related to silver.
