Silver, represented by the symbol Ag and atomic number 47, is a precious metal with deep cultural significance in Pakistan. It is commonly used in jewellery, ornaments, and artefacts, reflecting the country's rich traditions. Additionally, silver is regarded as a safe haven asset, providing security during economic uncertainties.
The growing industrial sector has increased the demand for silver, as it is vital for electronics, solar panels, and medical equipment.
In Pakistan, silver prices are affected by global market trends, the exchange rate, government policies, and local supply and demand. Speculation and seasonal demand also contribute to price fluctuations.
As of September 25, 2024, the price for 10 grams of silver was Rs 2,835, while one tola was priced at Rs 3,303.
According to the London Bullion Market Association, silver prices have been fluctuating in response to changes in the currency value of the rupee against the US dollar.
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