The silver market in Pakistan remains strong and steady as of 19 September 2025. The 24‑karat silver rate is at Rs. 4,483 per tola, while the 10‑grams rate is Rs. 3,843, translating to roughly Rs. 384.3 per gram. These rates reflect the market’s resilience, especially in view of the pressures from global economic factors and local cost dynamics.
Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR)
24K | Rs. 4,483 | Rs. 3,843 | Rs. 384.3
On the global front, silver continues to derive support from its dual role as both an industrial input and a store of value. Industries such as solar and electronics are growing steadily, adding demand for silver in fabrication. Meanwhile, inflation concerns, weaker dollar scenarios, and expectations of future monetary easing (or at least muted tightening) by central banks are providing backing for precious metals, silver included.
Locally in Pakistan, silver is attractive for several reasons:
- Affordability relative to gold: For many smaller investors, artisans, and jewelry makers, silver serves as the more accessible precious metal. When gold prices are high, silver becomes a viable alternative for buying jewelry, small bars, or coins.
- Import & Rupee Effects: Similar to gold, the silver price is impacted by exchange rate fluctuations and import duties/premiums. A weakening rupee makes imported silver more expensive, which often gets reflected in the tola rate. Dealers in major cities report that dealer margins and local premiums have increased in recent weeks.
- Industrial Demand & Local Fabrication: While Pakistan’s industrial demand for silver is not as large as global powerhouses, the local use in ornamentation, silverware, crafted items, and smaller industrial uses (e.g. plating, electronics) remains significant. Any shifts in global demand ripple locally, especially given silver’s lower baseline cost.
Technically, silver appears to have found support around Rs. 4,300‑4,400 per tola. Given today’s rate of Rs. 4,483, it is trading above this support band, indicating bullish bias. However, resistance may emerge as silver gets closer to historical or psychological ceilings. Regions around Rs. 4,600‑4,700 per tola might pose resistance if global and local conditions continue favorably.
Short‑Term Forecast: Silver is likely to remain in the vicinity of Rs. 4,400 – 4,600 per tola over the next few days, barring any adverse global shock or a strong dollar rally. Buyers seeking entry may want to watch dips near the support zone, while those holding are likely to continue benefiting if demand stays strong.
Stay Updated with Daily Gold Pakistan.