Silver prices in Pakistan recorded a historic rise, crossing the Rs. 10,000 per tola mark for the first time. The price of 24K silver per tola increased by Rs. 188, closing at Rs. 10,050.
Similarly, the rate of 24K silver per 10 grams rose by Rs. 161 to reach Rs. 8,616. This sharp increase marks a significant milestone for the precious metal in the local market.
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Market analysts say the surge was mainly driven by strong gains in the international market. Globally, silver prices jumped by $1.88 to settle at $95.66 per ounce.
The sudden rise in global prices pushed local rates higher, triggering increased buying activity across major cities.
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The breach of the Rs. 10,000 per tola level is considered a psychological breakthrough for traders and investors. Market observers say such milestones often lead to further speculative buying in the short term.
Investors are advised to monitor international market trends closely, as local silver prices largely follow global movements and exchange rate changes.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
For daily updates visit our detailed Silver Price in Karachi page
