• Silver prices in Pakistan are influenced by global market trends.
• Silver is used in jewellery, ornaments, and artefacts.
• The prices fluctuated due to changes in the rupee’s value against the US dollar.

Silver, symbolized by Ag with atomic number 47, holds significant cultural and economic value in Pakistan. Deeply embedded in local traditions, silver is commonly used in jewelry, ornaments, and artifacts, while also serving as a reliable investment during times of economic uncertainty.

In addition to its traditional uses, silver plays a crucial role in various industrial sectors, including electronics, solar energy, and medical equipment, further driving its demand in the country.

Silver prices in Pakistan are shaped by a variety of factors, such as global market fluctuations, exchange rates, government policies, and local supply and demand dynamics. Additionally, speculation and seasonal variations often lead to price volatility.

On September 27, 2024, the price of 10 grams of silver was recorded at Rs 2,876, with one tola being sold at Rs 3,352. According to the London Bullion Market Association, silver prices have experienced fluctuations in response to the movement of the Pakistani rupee against the US Dollar.

Also Read

US dollar rate in Pakistan on Sept 27 down by 0.5 paisa to Rs277.64

The US dollar rate in Pakistan further decreased by Re0.5 (05 paisa)...