Silver prices see sharp decline across Pakistan

ISLAMABAD: The price of silver in Pakistan depends on various factors such as the supply and demand of silver in the international market, the price of the dollar, inflation, public demand and government policies.

Determining the price of fifty-two and a half tola silver is important because historically it is considered a standard weight and most silver jewelry is manufactured under the same weight and specific standards. There can be slight fluctuations in the price of silver in different cities of Pakistan.

The price of silver is updated daily in the country in terms of local currency. The price of silver per gram, ten grams of silver and per tola of silver in the country today is given below.

A historic decline in the price of silver was seen globally and in Pakistan, the price of 10 grams of silver was around Rs 10,299 in Karachi, Lahore and Islamabad, while the price of one tola of silver was recorded at around Rs 8,437 in these cities.

Similarly, silver rates remained the same in Rawalpindi, Peshawar and Quetta, where the price of 10 grams of silver was Rs 8,437 while the price of one tola of silver was Rs 9,831.

In Pakistan, silver is not only seen as jewelry but also as a safe investment. Here are some important things to know about investing in silver:

A hedge against inflation: Silver is often considered a hedge against inflation. When inflation increases, the price of silver is also likely to increase.

Long-term investment: Investing in silver is seen as a long-term investment. Its price may fluctuate in the short term, but it can prove to be a good investment in the long term.

Less risky than gold: Silver is considered a less risky investment than gold. Although gold is also a safe investment, the price of silver fluctuates less.

The price of silver in Pakistan depends on factors such as the supply and demand of silver in the international market, the value of the dollar, inflation, and government policies.