The silver rates in Pakistan witnessed a strong surge on Saturday, reflecting a powerful rally in global markets. Prices in the local bullion market moved significantly higher, bringing silver close to the key Rs. 9,000 per tola mark.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola increased by Rs. 374, closing at Rs. 8,948. The rise signals renewed investor interest in precious metals amid firm international trends.
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Similarly, the price of 24-karat silver per 10 grams jumped by Rs. 321 to settle at Rs. 7,671. These official rates are based on interbank exchange rates and certified for purity 999 (24K).
Market analysts say the strong domestic rally follows a sharp rise in global silver prices. In the international market, silver prices surged by $3.74 per ounce, reaching $84.64.
The global jump provided strong support to local prices and triggered fresh buying activity.
Traders noted that silver is now approaching the psychological level of Rs. 9,000 per tola. Crossing this mark could further strengthen bullish sentiment in the market.
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The latest increase also reflects broad-based strength across precious metals, as investors continue to seek safe-haven assets during periods of economic uncertainty.
Currency movements and global commodity trends remain key factors influencing the silver rate in Pakistan. As international prices remain firm, local rates may continue to show upward momentum in the coming sessions.
