Silver prices in Pakistan have climbed today, with 1 Tola of silver now priced at ₨ 5,559, reflecting the ongoing global demand for the precious metal. This increase highlights the growing interest in silver as both an investment asset and an industrial metal.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) | Per Ounce (PKR) |
|---|---|---|---|---|
| 24K | ₨ 5,559 | ₨ 4,766 | ₨ 476.6 | ₨ 14,895.5 |
🌍 Global Drivers for Silver
- Industrial Demand: Silver’s industrial demand continues to soar, particularly in solar panels, electronics, and electric vehicles (EVs). As more countries shift toward clean energy solutions and sustainable technologies, silver is experiencing an unprecedented level of demand from these sectors. Solar energy, which uses silver for its photovoltaic cells, is one of the largest drivers of silver demand.
- Investment Demand: In addition to its industrial usage, silver is becoming an increasingly attractive investment vehicle. With gold prices rising to record highs, silver has presented a more affordable option for smaller investors and institutions looking to gain exposure to precious metals.
🇵🇰 Local Market Dynamics for Silver
In Pakistan, silver remains a popular choice for retail investors looking to hedge against inflation and protect their wealth amidst a weakening rupee. The lower cost per tola compared to gold makes silver an excellent alternative investment for people priced out of the gold market.
The demand for silver jewelry continues to grow, particularly in rural areas where silver is traditionally used in household items, jewelry, and utensils. With the wedding season approaching, silver is also being favored for various traditional jewelry and gifting purposes.
📊 Technical Outlook for Silver
- Support Level: ₨ 5,400 per tola
- Resistance Level: ₨ 5,700 per tola
If silver continues to experience upward momentum, the next key resistance is around ₨ 5,700 per tola. A break above that could lead to further gains, potentially pushing prices toward ₨ 6,000.
🔮 Short-Term Forecast for Silver
Silver is expected to remain in the ₨ 5,400–₨ 5,700 per tola range in the near future. As industrial demand remains high and the macroeconomic climate remains supportive, silver could break through resistance levels, marking another bullish phase.
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