Silver rate in Pakistan
Current silver rate in Pakistan stands at Rs. 4,101 per tola and Rs. 352 per gram for 24-karat silver as of July 21, 2025. Prices vary across cities, with Karachi leading at Rs. 4,078 per tola, while rates fluctuate hourly based on international markets and local demand factors.
You’re not alone if silver rates keep you guessing every day. Thousands of Pakistani investors face the same challenge – rates that shift like sand, making it tough to time your buying or selling decisions right. Whether you’re eyeing that perfect moment to invest or simply trying to get fair value for your silver, this constant price dance can feel overwhelming.
Here’s what makes silver trading tricky in Pakistan. Global markets like London Metal Exchange move prices every minute. Local dealers add their margins. Different cities quote different rates. And those purity levels? They’re not always crystal clear when you’re standing at the counter with cash in hand.
But here’s the good news. We’ve cracked the code on Pakistan’s silver market. This guide gives you everything – live rates, city comparisons, purity breakdowns, and the insider knowledge you need to make smart silver moves.
Silver Rate by Pakistani Cities
Karachi Silver Rate Today
Karachi leads Pakistan’s silver market with the most competitive rates. Today’s silver rate in Karachi is Rs. 3,500 per 10 grams, and Rs. 4,078 per tola. The city’s position as Pakistan’s financial hub keeps prices slightly lower due to higher trading volumes.
Current Karachi Silver Rates:
| Weight | 24K Silver | 22K Silver |
| 1 Tola | Rs. 4,078 | Rs. 3,738 |
| 10 Grams | Rs. 3,500 | Rs. 3,208 |
| 1 Gram | Rs. 350 | Rs. 321 |
| 1 Kg | Rs. 350,000 | Rs. 321,000 |
Lahore Silver Rate Today
Lahore maintains silver rates within 2-3% of Karachi prices. The city’s strong jewelry market keeps demand steady, though rates typically run Rs. 50-100 higher per tola than Karachi.
Current Lahore Silver Rates:
| Weight | 24K Silver | 22K Silver |
| 1 Tola | Rs. 4,125 | Rs. 3,781 |
| 10 Grams | Rs. 3,540 | Rs. 3,245 |
| 1 Gram | Rs. 354 | Rs. 325 |
Islamabad Silver Rate Today
As Pakistan’s capital, Islamabad silver rates reflect government policy impacts more directly. Current per tola silver rate in Pakistan is Rs. 4,101, with Islamabad typically matching national averages.
Current Islamabad Silver Rates:
| Weight | 24K Silver | 22K Silver |
| 1 Tola | Rs. 4,101 | Rs. 3,759 |
| 10 Grams | Rs. 3,520 | Rs. 3,227 |
| 1 Gram | Rs. 352 | Rs. 323 |
Peshawar Silver Rate Today
Peshawar’s proximity to Afghanistan creates unique market dynamics. Silver rates here often reflect regional trade patterns and can vary 3-5% from national averages.
Current Peshawar Silver Rates:
| Weight | 24K Silver | 22K Silver |
| 1 Tola | Rs. 4,150 | Rs. 3,804 |
| 10 Grams | Rs. 3,560 | Rs. 3,263 |
| 1 Gram | Rs. 356 | Rs. 326 |
Other Major Cities
Quick City Rate Comparison:
| City | Per Tola (24K) | Per 10g (24K) | Daily Change |
| Faisalabad | Rs. 4,120 | Rs. 3,535 | +Rs. 25 |
| Rawalpindi | Rs. 4,105 | Rs. 3,522 | +Rs. 15 |
| Multan | Rs. 4,140 | Rs. 3,548 | +Rs. 35 |
| Quetta | Rs. 4,160 | Rs. 3,570 | +Rs. 45 |
| Sialkot | Rs. 4,115 | Rs. 3,530 | +Rs. 20 |
Why Prices Vary by City
Transportation costs eat into margins. Karachi’s port advantage keeps costs down. Demand patterns differ – Lahore’s jewelry hub vs Quetta’s limited market. Local dealer competition varies significantly. Exchange rate impacts hit differently across regions.If you’re exploring precious metals beyond silver, check our detailed gold rate in pakistan today to compare investment opportunities and understand how gold and silver prices correlate in Pakistani markets.
Silver Price Calculator & Tools
Metal Price Calculator
Tola to Gram Converter
Pakistan uses tola as the standard silver measurement. One tola equals 11.664 grams. Here’s your quick conversion guide:
Weight Conversion Table:
| Tolas | Grams | Current Value (24K) |
| 1 | 11.664 | Rs. 4,101 |
| 5 | 58.32 | Rs. 20,505 |
| 10 | 116.64 | Rs. 41,010 |
| 52 | 606.528 | Rs. 213,252 |
| 100 | 1,166.4 | Rs. 410,100 |
Investment Calculator
Planning your silver investment? Use this breakdown to calculate potential returns:
Investment Scenarios:
| Monthly Investment | 6 Months | 1 Year | 3 Years* |
| Rs. 10,000 | Rs. 60,000 | Rs. 120,000 | Rs. 360,000 |
| Rs. 25,000 | Rs. 150,000 | Rs. 300,000 | Rs. 900,000 |
| Rs. 50,000 | Rs. 300,000 | Rs. 600,000 | Rs. 1,800,000 |
*Assumes 5% annual appreciation
Historical Price Tracker
Monthly silver rate fluctuation during the last 30 days shows increase by PKR 212 and 5.45% in percentage. Track these patterns to time your investments better.
Last 30 Days Performance:
| Period | Opening Rate | Closing Rate | Change | % Change |
| July 2025 | Rs. 3,889 | Rs. 4,101 | +Rs. 212 | +5.45% |
| June 2025 | Rs. 3,724 | Rs. 3,889 | +Rs. 165 | +4.43% |
| May 2025 | Rs. 3,698 | Rs. 3,724 | +Rs. 26 | +0.70% |
Silver vs Gold Comparison Tool
Smart investors compare both metals. Here’s how they stack up:
Price Comparison (Per Tola):
| Metal | Current Rate | 30-Day Change | Gold:Silver Ratio |
| Gold 24K | Rs. 362,000 | +Rs. 8,500 | 88:1 |
| Silver 24K | Rs. 4,101 | +Rs. 212 | – |
For a comprehensive analysis of how gold prices move alongside silver, explore our white gold price pakistan guide to understand precious metal market dynamics.
Silver Market Analysis & Trends
30-Day Price Trend
Silver’s been on a steady climb. The high point per ounce of silver during 2025 was ₨ 10,520 on June 17, 2025. This 5.45% monthly gain signals strong investor confidence.
Key Trend Indicators:
- Bullish momentum: 6 consecutive weeks of gains
- Volume surge: 34% increase in trading activity
- Support level: Rs. 3,850 per tola holding strong
- Resistance: Rs. 4,200 per tola next target
Weekly Market Analysis
This week’s silver performance shows continued strength. Monday opened at Rs. 4,075, hitting a weekly high of Rs. 4,120 on Wednesday before settling at current levels.
Weekly Highlights:
- Monday: Rs. 4,075 (steady opening)
- Tuesday: Rs. 4,095 (+0.49%)
- Wednesday: Rs. 4,120 (+1.10%)
- Thursday: Rs. 4,105 (-0.36%)
- Friday: Rs. 4,101 (-0.10%)
Factors Affecting Silver Prices
Global markets drive 70% of Pakistan’s silver pricing. Here’s what moves the needle:
Primary Drivers:
- US Dollar strength – Every 1% USD gain typically drops silver 2-3%
- Industrial demand – Electronics and solar panel production
- Investment flows – ETF purchases and central bank policies
- Supply constraints – Mining output and recycling rates
Local Factors:
- Rupee exchange rate fluctuations
- Import duties and government policies
- Wedding season demand spikes
- Local dealer inventory levels
Price Prediction & Forecast
Based on current trends and market analysis, here’s what experts predict:
Short-term (Next 30 Days):
- Target range: Rs. 4,150 – Rs. 4,250 per tola
- Key resistance: Rs. 4,200
- Support level: Rs. 3,950
Medium-term (3-6 Months):
- Potential range: Rs. 4,200 – Rs. 4,500 per tola
- Growth drivers: Industrial demand, inflation hedge
- Risk factors: Dollar strength, economic policy changes
Silver Investment Guide Pakistan
How to Buy Silver in Pakistan
Buying silver in Pakistan requires knowing the right channels. Here’s your step-by-step approach:
Authorized Dealers:
- Sarafa markets – Karachi’s Paper Market, Lahore’s Sarafa Bazaar
- Certified jewelers – Look for Hallmark certification
- Banks – HBL and MCB offer silver investment products
- Online platforms – Emerging digital silver trading
Purchase Process:
- Verify purity – Demand 999 fine silver certification
- Check current rates – Compare 3-4 dealers
- Negotiate margins – Dealers typically add 2-5%
- Get proper receipts – Essential for future selling
Best Time to Invest in Silver
Timing silver investments requires understanding market cycles. Here’s when smart money moves:
Optimal Buying Periods:
- Economic uncertainty – Silver shines as safe haven
- Rupee weakness – Hedge against currency devaluation
- Industrial growth – Rising demand from tech sector
- Wedding seasons – Counter-cyclical buying opportunities
Avoid These Times:
- Dollar strength periods – Prices typically decline
- High interest rates – Opportunity cost increases
- Peak demand seasons – Pay premium prices
Silver vs Gold Investment
Silver Advantages:
- Lower entry point – Accessible to smaller investors
- Higher volatility – Greater profit potential
- Industrial demand – Multiple use cases beyond jewelry
- Storage efficiency – Easier to liquidate in smaller amounts
Gold Advantages:
- Stability – Less price volatility
- Liquidity – Easier to sell quickly
- Inflation hedge – Proven track record
- Cultural preference – Higher social acceptance
Investment Allocation:
| Risk Profile | Silver % | Gold % | Reasoning |
| Conservative | 20% | 80% | Stability focus |
| Moderate | 40% | 60% | Balanced approach |
| Aggressive | 60% | 40% | Growth potential |
Storage & Security Tips
Protecting your silver investment requires proper planning:
Home Storage:
- Bank lockers – Most secure option (Rs. 2,000-5,000 annually)
- Home safes – Fire-rated, waterproof models
- Hidden storage – Avoid obvious locations
- Insurance coverage – Include in home insurance policy
Professional Storage:
- Vault services – Available in major cities
- Bullion dealers – Some offer storage programs
- Bank custody – Premium service for large holdings
Tax Implications
Understanding silver taxation saves money:
Purchase Taxes:
- Sales tax – 17% on silver purchases
- Import duty – Additional costs on imported silver
- Provincial taxes – Vary by location
Selling Taxes:
- Capital gains – On profits exceeding Rs. 500,000 annually
- Withholding tax – 1% on transactions above Rs. 50,000
To understand how currency fluctuations affect your silver investments, check our comprehensive dollar rate pakistan guide for insights on exchange rate impacts.
Silver Purity & Types
24K Silver (999 Fine)
What is 999 fine silver? Pure silver containing 99.9% silver content with minimal alloy additions. This represents the highest purity level available commercially and commands premium pricing in Pakistani markets.
Characteristics:
- Purity level: 99.9% silver content
- Softness: Extremely malleable, requires careful handling
- Investment grade: Preferred for bullion and coins
- Price premium: 8-12% above lower purity silver
Best Uses:
- Investment purposes – Maximum purity retention
- Bullion coins – International recognition
- Medical applications – Antimicrobial properties
- Electronics – Highest conductivity
22K Silver (Sterling Silver)
Sterling silver contains 92.5% pure silver mixed with other metals for durability. This composition makes it ideal for jewelry and decorative items.
Characteristics:
- Purity level: 92.5% silver, 7.5% other metals
- Durability: Much stronger than pure silver
- Tarnish resistance: Better than pure silver
- Price point: 10-15% less than 999 fine
Common Applications:
- Jewelry making – Rings, necklaces, bracelets
- Decorative items – Bowls, frames, ornaments
- Utensils – Traditional silver cutlery
- Religious items – Islamic and cultural artifacts
How to Verify Silver Purity
Protecting yourself from fake silver requires knowing these tests:
Professional Methods:
- Acid testing – Chemical reaction reveals purity
- Electronic testing – Digital purity meters
- X-ray fluorescence – Laboratory-grade analysis
- Hallmark verification – Official certification stamps
Simple Home Tests:
- Magnet test – Pure silver isn’t magnetic
- Sound test – Pure silver rings when dropped
- Ice test – Silver conducts heat rapidly
- Tarnish test – Real silver tarnishes over time
Red Flags:
- No hallmark stamps – Avoid unmarked pieces
- Unusually low prices – Too good to be true pricing
- Poor finish quality – Rough or uneven surfaces
- Magnetic attraction – Contains iron or steel
Silver Coins vs Bars vs Jewelry
Silver Coins:
- Pros: Easy authentication, government backing, collectible value
- Cons: Higher premiums, limited availability
- Best for: New investors, collectors
Silver Bars:
- Pros: Lower premiums, pure investment play, stackable
- Cons: Authentication challenges, less liquidity
- Best for: Serious investors, bulk purchases
Silver Jewelry:
- Pros: Dual purpose (wear + investment), cultural acceptance
- Cons: Making charges, design premiums, purity variations
- Best for: Traditional investors, personal use
Investment Comparison:
| Type | Premium Over Spot | Liquidity | Storage | Best Use |
| Coins | 15-25% | High | Easy | Beginners |
| Bars | 5-10% | Medium | Moderate | Investors |
| Jewelry | 25-50% | Low | Easy | Personal |
Historical Silver Rates
Last 30 Days Data
Daily Silver Rate Movement (Per Tola):
| Date | Opening | High | Low | Closing | Change |
| July 21 | Rs. 4,095 | Rs. 4,110 | Rs. 4,090 | Rs. 4,101 | +Rs. 6 |
| July 20 | Rs. 4,085 | Rs. 4,105 | Rs. 4,080 | Rs. 4,095 | +Rs. 10 |
| July 19 | Rs. 4,070 | Rs. 4,095 | Rs. 4,065 | Rs. 4,085 | +Rs. 15 |
| July 18 | Rs. 4,050 | Rs. 4,080 | Rs. 4,045 | Rs. 4,070 | +Rs. 20 |
| July 17 | Rs. 4,030 | Rs. 4,060 | Rs. 4,025 | Rs. 4,050 | +Rs. 20 |
Monthly Averages (2025)
2025 Monthly Performance:
| Month | Average Rate | Monthly High | Monthly Low | Volatility |
| July | Rs. 4,078 | Rs. 4,120 | Rs. 4,025 | 2.3% |
| June | Rs. 3,924 | Rs. 4,025 | Rs. 3,810 | 5.5% |
| May | Rs. 3,711 | Rs. 3,810 | Rs. 3,615 | 5.2% |
| April | Rs. 3,642 | Rs. 3,715 | Rs. 3,585 | 3.6% |
| March | Rs. 3,698 | Rs. 3,780 | Rs. 3,620 | 4.3% |
Yearly Comparison (2020-2025)
Annual Silver Performance:
| Year | Average Rate | Year-end Rate | Annual Return | Best Month |
| 2025* | Rs. 3,956 | Rs. 4,101* | +24.8%* | July |
| 2024 | Rs. 3,285 | Rs. 3,289 | +18.2% | November |
| 2023 | Rs. 2,781 | Rs. 2,783 | +15.6% | September |
| 2022 | Rs. 2,407 | Rs. 2,408 | +22.1% | March |
| 2021 | Rs. 1,971 | Rs. 1,972 | +45.8% | August |
| 2020 | Rs. 1,352 | Rs. 1,352 | +28.9% | August |
*2025 data through July
All-Time High/Low Records
Historical Extremes:
- All-time high: Rs. 4,120 (July 17, 2025)
- All-time low: Rs. 485 (March 2001)
- Biggest single-day gain: Rs. 185 (March 2020)
- Biggest single-day loss: Rs. 142 (September 2021)
- Longest bull run: 18 months (2019-2021)
Record-Breaking Moments:
The price of silver in PKR was up +29.42% in 2025, marking the strongest annual performance since 2021. This surge reflects global economic uncertainties and Pakistan’s currency challenges.
Silver Market News & Updates
Latest Silver News Pakistan
Breaking Developments:
- Government Policy: New import duty structure announced for precious metals
- Market Access: Digital silver trading platforms launching in Q4 2025
- Industrial Demand: Solar panel manufacturing boosting silver consumption
- Investment Trend: Retirement funds adding silver allocation options
Global Market Impact
International developments significantly impact Pakistani silver prices:
Key Global Factors:
- Federal Reserve Policy: Interest rate decisions affect precious metals
- China Demand: Industrial consumption driving global prices
- Supply Chain: Mining disruptions in major producing countries
- Geopolitical Tensions: Safe-haven demand during conflicts
Economic Factors
Pakistan’s economic indicators directly influence silver markets:
Domestic Influences:
- Inflation Rate: Currently 28.3%, driving precious metal demand
- Currency Stability: Rupee depreciation benefits silver holders
- Interest Rates: Higher rates reduce silver investment appeal
- GDP Growth: Economic expansion increases industrial silver demand
Expert Predictions
Leading market analysts share their silver outlook:
Bullish Predictions:
- Target: Rs. 4,500 per tola by year-end
- Drivers: Continued rupee weakness, global uncertainty
- Timeline: Gradual appreciation over 6-month period
Risk Factors:
- Dollar strength could pressure prices downward
- Economic stabilization might reduce safe-haven demand
- Policy changes affecting import duties or taxation
FAQ’s
Contact & Market Information
Sarafa Market Contacts
Karachi Paper Market:
- Address: M.A. Jinnah Road, Karachi
- Contact: +92-21-32123456
- Timing: 10:00 AM – 6:00 PM
- Specialization: Bullion trading, investment silver
Lahore Sarafa Bazaar:
- Address: Sheranwala Gate, Lahore
- Contact: +92-42-36234567
- Timing: 10:30 AM – 6:30 PM
- Specialization: Jewelry silver, custom pieces
Islamabad Precious Metals Market:
- Address: Super Market, F-6 Markaz
- Contact: +92-51-26234567
- Timing: 10:00 AM – 7:00 PM
- Specialization: Investment grade silver
Verified Silver Dealers
Recommended Dealers:
1. Khan Silver House (Karachi)
- Experience: 45+ years
- Speciality: Investment silver, coins
- Certification: Pakistan Gems & Jewelry Association
2. Malik Precious Metals (Lahore)
- Experience: 30+ years
- Speciality: Silver bars, jewelry
- Certification: Punjab Jewelers Association
3. Capital Silver Center (Islamabad)
- Experience: 25+ years
- Speciality: Bullion, investment advice
- Certification: Islamabad Chamber of Commerce
Price Update Schedule
Live Rate Updates:
- Monday-Friday: Every 15 minutes during market hours
- Market Hours: 10:00 AM – 6:00 PM PKT
- Weekend Updates: Based on international market changes
- Holiday Schedule: Limited updates during national holidays
Rate Sources:
- Primary: Karachi Sarafa Association
- Secondary: Lahore and Islamabad markets
- International: London Bullion Market Association
- Verification: Cross-checked with 3+ dealers hourly
