The silver rate in Pakistan witnessed a noticeable jump today as chandi reached Rs. 11,502 per tola, reflecting a strong upward movement in both local and international markets. This increase has drawn the attention of buyers, jewellers, and investors who closely follow precious metal trends in the Sarafa market.

Along with the per tola price, silver is currently being sold at Rs. 985.9 per gram and Rs. 9,859 per 10 grams. Market experts believe this rise is not sudden or isolated, but part of a broader trend influenced by global demand, currency fluctuations, and international spot silver rates.

One major reason behind the upward movement in silver is its close relationship with gold. Since gold prices in Pakistan have remained firm, with 24K gold crossing Rs. 530,000 per tola, silver has naturally followed the same direction. Historically, when gold strengthens, silver also benefits as investors look for diversification in precious metals.

Another key factor is the growing global demand for silver, not only as a safe investment but also as an important industrial metal. Silver is widely used in electronics, solar panels, electric vehicles, and other renewable energy technologies. This rising industrial consumption is playing a strong role in supporting silver prices worldwide.

In Pakistan, many buyers are also turning toward silver as an affordable alternative to gold. With inflation and rising costs affecting purchasing power, silver remains a practical option for jewelry and savings. Many investors also see it as a protective asset during uncertain economic conditions.

Analysts suggest that silver prices may remain volatile in the coming days, as local rates respond quickly to changes in the global market and currency exchange movements. Buyers are advised to check updated Sarafa market rates before making any purchase or sale, as prices can shift rapidly within a short period.

Overall, silver continues to hold strong value in Pakistan’s current economic climate, and the latest surge shows that interest in the metal is once again increasing among both investors and everyday buyers.

 
Credit: Independent News Pakistan (INP)