Silver rate in Pakistan remained unchanged on Monday, with the 24-karat silver rate holding at Rs. 7,100 per tola after last week’s strong recovery.
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The stability followed a Rs. 300 increase on Friday, indicating a pause in the market as buyers and sellers remained relatively balanced at current price levels.
The price of 24-karat silver remained unchanged at Rs. 7,100 per tola. For 10 grams, 24-karat silver also held steady at Rs. 6,087.
The lack of movement in both measurements came after several sessions of volatility in the local silver market.
The stability in Pakistan’s silver market was also reflected in international prices.
The international silver price remained unchanged at $66.22 per ounce, providing little directional pressure on local prices.
International bullion prices, along with exchange-rate movements and domestic market conditions, can influence silver prices in Pakistan.
Despite the recent recovery, silver remains below its late-August peak of around Rs. 7,329 per tola. However, the metal has recovered significantly from last week’s lows below Rs. 6,900.
Last week, silver prices in Pakistan recovered sharply after recent declines, with the price of 24-karat silver increasing by Rs300 per tola to close at Rs7,169.
The latest increase pushed the silver rate back above the Rs7,000 per tola level following Thursday’s decline. The recovery came alongside a rise in international silver prices.
The price of 24-karat silver increased by Rs257 per 10 grams, reaching Rs6,146.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
