Silver — locally known as chandi — is one of the most widely used precious metals in Pakistan. Unlike gold, silver is more affordable, so many people buy it for jewellery, gifts, daily use, and even investment. Because its price changes every day, knowing the latest rate is important for buyers and sellers alike.
In this article, we explain the latest silver prices, why they change, how silver is used, important terminology, and whether investing in silver is a good idea in 2026.
Local bullion markets in Pakistan update silver prices daily based on international bullion rates and local demand. Today’s price (based on the latest Karachi/Sarafa reports) shows that silver has been rising gradually in 2026 and remains strong:
Weight / Unit
Approx. Price in PKR (Today)
1 Gram
Rs. 769.2
10 Grams
Rs. 7,692
1 Tola (≈11.66g)
Rs. 8,972
1 Ounce (31.1g)
Rs. 24,040.7
1 Kilogram
Rs. 769,200 🔁
📌 Notes: ✔ A tola is a traditional weight unit commonly used in Pakistan (≈11.66 g). ✔ Prices quoted above are approximate and can vary slightly between cities and shops because every Sarafa bazaar or jeweller may update prices differently.
📦 Understanding Silver and Its Uses
Silver is not just a metal for jewellery — it has many important uses:
🪙 1. Jewellery & Decorative Items
In Pakistan, silver is used to make rings, bracelets, necklaces, bangles, and decorative gift items for weddings and festivals.
🛠 2. Industrial Uses
Silver is used in many modern products because it conducts electricity better than most metals. Some industrial uses include: ✔ Solar panels ✔ Electric vehicles (EVs) ✔ Electronics (smartphones, laptops, audio devices) ✔ Medical and dental tools
Industrial demand for silver has increased significantly, pushing its global price higher.
🧾 3. Investment
Silver is considered a good investment for people who want to protect their savings when inflation is high or the currency is weak. People can buy physical silver in the form of bars, coins, or biscuits.
🧠 Why Do Silver Prices Change Every Day?
Silver prices in Pakistan are not fixed — they constantly change due to a combination of international and local factors:
🔹 1. Global Market Movements
Silver is traded internationally in US dollars. When global silver prices go up or down due to economic conditions, inflation, geopolitical tensions, or industrial demand, Pakistan’s silver prices also change.
🔹 2. Exchange Rate (PKR vs USD)
Because silver is priced in US dollars globally, when the Pakistani Rupee becomes weaker against the dollar, the price of silver in Pakistan goes up even if global prices remain stable. This is one of the major reasons local prices change daily.
🔹 3. Local Demand & Supply
In Pakistan, demand increases during wedding seasons, festivals, and cultural events because families buy silver as gifts or jewellery. These seasonal changes can push prices up temporarily.
🔹 4. Industrial Demand
As silver is used more and more in electronics and renewable energy systems like solar panels, industrial demand grows. Higher demand increases the global price, which then affects the local prices in Pakistan.
📌 Silver vs. Gold — What’s the Difference?
While gold and silver are both precious metals, there are important differences:
🟡 Gold ✔ Traditionally more valuable ✔ Used in jewellery & investment ✔ Price per gram and per tola is much higher
⚪ Silver ✔ More affordable than gold ✔ Used in jewellery and industry ✔ Has both investment and industrial value
Because silver has many industrial purposes, its price can be more volatile (meaning it goes up and down more) compared to gold.
🛍 Silver Purity & Pricing in Pakistan
Silver comes in different purity levels (how much of the metal is pure silver). The most common purity used in jewelry is sterling silver (925), which means 92.5% pure silver and 7.5% other metals. Higher purity (e.g., 999) means more silver content and usually higher price.
💡 Tips Before Buying Silver in Pakistan
If you plan to buy silver, here are some helpful tips:
✔ Check the live market rate first: Prices change daily, so always verify the current rate before buying. ✔ Ask for the purity: Ensure you know the purity level (e.g., 925, 999). ✔ Compare prices from multiple sellers: Don’t buy from the first shop you visit. ✔ Know extra charges: Some shops add making charges or premium on jewellery — always ask for a breakdown. ✔ Consider physical bars or coins for investment: These often have fewer extra charges than jewellery.
Frequently Asked Questions (FAQ)
Q1: What is a Tola? A: A tola is a unit of weight still used in Pakistan for precious metals. One tola ≈ 11.66 grams.
Q2: Why can shop prices be higher than market prices? A: Jewellery shops sometimes add extra charges including making cost or service fees, so the price you pay in a shop can be higher than the base market rate.
Q3: Is silver a good investment? A: Many people invest in silver as a hedge against inflation or currency weakness. Silver can be a good long‑term investment, but like all investments, prices can go up or down.
Q4: How often do silver prices change? A: Silver prices change daily, often multiple times per trading day, depending on international markets and local currency value.
Q5: Where is silver price determined? A: Pakistan’s silver prices are usually linked to international spot prices (converted into PKR) and agreed upon by local associations like the All Pakistan Sarafa Gems and Jewellers Association.
📈 Historical Trends & Future Outlook
Silver’s global price has shown strong movements in recent years. At times, it has reached record highs due to increased industrial demand and geopolitical factors. For example, global silver once exceeded $83 per ounce, pushing markets and investors to pay close attention.
Analysts believe that if industrial demand continues to grow (especially for EVs, solar panels, and electronics), silver prices may stay strong or even rise further in the coming years. However, like all commodities, prices are unpredictable and depend on global economic conditions.
Conclusion
Silver remains a popular precious metal in Pakistan — affordable, versatile, and valuable for both jewellery and investment. Its price changes based on global market trends, currency exchange rates, local demand, and industrial use.
Today’s price shows that silver is strong in the market, and many investors continue to watch its future closely. Before buying silver, always check the latest market rate, ask about purity, and compare prices from more than one seller.
By understanding how silver pricing works and what affects its value, you’ll be better prepared to make smart buying or investment decisions in Pakistan’s lively silver market.
