Silver prices in Pakistan have seen a significant increase, with 1 Tola of 24K silver priced at ₨ 5,469, marking a notable rise from previous rates. This upward trend is reflective of strong global demand for silver, driven by both industrial and investment factors.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) | Per Ounce (PKR) |
|---|---|---|---|---|
| 24K | ₨ 5,469 | ₨ 4,688.9 | ₨ 468.9 | ₨ 14,654.3 |
🌍 Global Drivers for Silver
- Industrial Demand: Silver’s role in electronics, solar panels, and electric vehicles (EVs) continues to increase. As the world transitions to renewable energy, the demand for silver in solar photovoltaic cells has spiked. Additionally, the growing market for electric vehicles is contributing significantly to silver’s industrial consumption.
- Safe-Haven Investment: In a period of global inflation and currency devaluation, silver has become an attractive alternative investment for those priced out of gold. Its relatively lower price compared to gold makes it a viable option for smaller investors seeking a hedge against inflation and market uncertainty.
🇵🇰 Local Market Outlook for Silver
In Pakistan, silver is increasingly viewed as a hedge against inflation and currency devaluation. With the price of gold steadily climbing, many investors are turning to silver as a more affordable way to gain exposure to the precious metals market.
- Accessibility: Silver is much more affordable than gold, making it an attractive investment for those who cannot afford high gold prices. This has spurred small-scale investments, especially in urban and semi-urban markets, where investors are looking for ways to preserve value amidst economic uncertainty.
- Jewelry Demand: Silver remains a popular choice in jewelry, especially for those seeking more affordable alternatives to gold. While gold remains the top choice for luxury items, silver continues to dominate in more everyday and accessible jewelry designs.
📊 Technical Outlook for Silver
- Support Level: ₨ 5,300 per tola
- Resistance Level: ₨ 5,600 per tola
If silver breaks above ₨ 5,500, we could see the market push higher, potentially toward ₨ 5,800 in the coming weeks. However, if the market experiences any pullbacks, ₨ 5,200 to ₨ 5,300 should act as strong support levels.
Short-Term Forecast for Silver
Silver is expected to remain within the ₨ 5,300 to ₨ 5,600 per tola range. Positive industrial and macroeconomic data could help propel silver toward ₨ 5,700, while any negative economic indicators or strength in the U.S. dollar could see silver retreat to the ₨ 5,200 level.
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