Silver continues to shine in the local market, holding steady above PKR 4,400 per tola, following a powerful breakout in global markets. With international silver prices trading around $41.30/oz, the metal has now gained nearly 10% in just over two weeks.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K | 4,424 | 3,792 | 379.2 |
Unlike gold, silver’s demand is driven not just by investment activity but also by industrial consumption—especially from the renewable energy and electric vehicle (EV) sectors. Global data shows that silver usage in photovoltaic cells (solar panels) and automotive components is accelerating, which is contributing to the steady climb in prices.
Domestically, silver remains an attractive option for small-scale investors and traders seeking entry into the precious metals market at a lower cost. Given the sustained inflation in Pakistan and weakening rupee, silver is gaining attention not just from jewelers, but also from younger investors, particularly those in online investment communities.
Technical indicators show silver is consolidating just under the PKR 4,500 mark, with support around PKR 4,350. A break above PKR 4,470 could trigger a new wave of bullish momentum, possibly leading toward PKR 4,600 per tola in the coming weeks if global sentiment remains favorable.
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