Silver prices in Pakistan recorded a strong increase on Wednesday, climbing by Rs. 268 per tola to reach Rs. 9,554.
The sharp rally pushed the precious metal past the key Rs. 9,500 level and closer to the psychological barrier of Rs. 10,000 per tola.
Meanwhile, the price of 24-karat silver also rose by Rs. 230 per 10 grams to settle at Rs. 8,191. The association determines local bullion rates based on interbank exchange rates and international market trends.
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In the international market, silver prices jumped by $2.68 to reach $90.70, supporting the strong upward movement in domestic rates.
Market observers noted that silver has recently attracted renewed investor interest due to expectations of industrial demand growth and safe-haven buying.
The latest increase indicates strong bullish momentum, with traders closely watching whether prices will test the Rs. 10,000 per tola level in the coming sessions.
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Over the past few weeks, silver has shown steady gains, reflecting global commodity trends and local currency pressures. Bullion dealers say continued volatility in international markets may keep prices elevated in the near term.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
