Silver prices in Pakistan continued their upward trend on Tuesday, posting another notable increase in line with gains in the international market.
The price of 24K silver per tola rose by Rs. 192, closing at Rs. 9,286. Meanwhile, the rate for 24K silver per 10 grams increased by Rs. 165 to reach Rs. 7,961.
The steady rise indicates strong demand in the precious metals market, with silver moving closer to the Rs. 9,300 level.
Visit Times of Karachi website for the latest news-related content
In the international market, silver prices also recorded gains. The global silver price per ounce climbed by $1.92 to settle at $88.02.
The increase in global rates directly influenced local prices, as Pakistan’s bullion market is closely tied to international trends and currency fluctuations.
Market observers note that movements in silver prices often follow global economic uncertainty, inflation concerns, and changes in the US dollar.
Follow the Times of Karachi channel on WhatsApp
Like gold, silver is considered a hedge against economic instability. Local rates are typically adjusted in line with international prices and the dollar-rupee exchange rate.
With continued strength in global bullion markets, analysts believe silver prices in Pakistan may test the Rs. 9,300 mark if the upward trend persists.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
