Silver, a precious metal synonymous with tradition in Pakistan, is not only used for jewellery and ornaments but also serves as a safe haven asset amidst economic uncertainties. Its demand in the industrial sector, especially in electronics, solar panels, and medical equipment, continues to drive up prices.
The fluctuation in silver prices in Pakistan is influenced by various factors including global market trends, government policies, and domestic supply and demand. Speculation and seasonal demand also contribute to price volatility. On September 13, 2024, the rate of 10 grams of silver was Rs 2,661 while one tola was priced at Rs 3,101, reflecting changes in the currency value against the US Dollar.
As silver prices shift with market dynamics, it remains a valuable asset for both investors and consumers alike, showcasing its enduring significance in the realm of precious metals.