Silver Rate in Pakistan - International Silver Rate

Urdu
Location 10 Grams 1 Tola
Pakistan Rs. 885 Rs. 1,031
Karachi Rs. 885 Rs. 1,031
Lahore Rs. 885 Rs. 1,031
Islamabad Rs. 885 Rs. 1,031
Rawalpindi Rs. 885 Rs. 1,031
Peshawar Rs. 885 Rs. 1,031
Quetta Rs. 885 Rs. 1,031
More Cities of Pakistan
Latest Comments
Ajj k hisab sy zakat kitin chandi ya gold py bnti hy

By: Khurram on 01-05-2020

السلام علیکم- روزانہ نصاب زکوۃ بھی شائع کیجئے- ساڑھے 52 تولہ چاندی کی قیمت- جیسے آج 13نومبر2019 کو 1000 روپے تولہ چاندی ھے تو ، 52500 روپپے نصاب زکوۃ بنا

By: Muhammad Hanif on 13-11-2019

Silver Rates in Cities of Pakistan

Silver Rate in Abbottabad Silver Rate in Ahmadpur Sial Silver Rate in Arifwala Silver Rate in Athara Hazari Silver Rate in Attock Silver Rate in Awaran Silver Rate in Badin Silver Rate in Bahawalnagar Silver Rate in Bahawalpur Silver Rate in Bajaur Agency Silver Rate in Bannu Silver Rate in Barkhan Silver Rate in Bat Khela Silver Rate in Batagram Silver Rate in Bhakkar Silver Rate in Bhalwal Silver Rate in Bhimbar Silver Rate in Bolan Silver Rate in Buner Silver Rate in Burewala Silver Rate in Chagai Silver Rate in Chakwal Silver Rate in Chaman Silver Rate in Charsadda Silver Rate in Chichawatni Silver Rate in Chiniot Silver Rate in Chishtian Silver Rate in Chitral Silver Rate in Chunian Silver Rate in Dadu Silver Rate in Daggar Silver Rate in Dalbandin Silver Rate in Dargai Silver Rate in Daska Silver Rate in Dera Bugti Silver Rate in Dera Ghazi Khan Silver Rate in Dera Ismail Khan Silver Rate in Dinga Silver Rate in Dir Silver Rate in Dir Upper Silver Rate in Dunga Bunga Silver Rate in Faisalabad Silver Rate in Faqirwali Silver Rate in Farooqabad Silver Rate in Firozabad Silver Rate in Ghizer Silver Rate in Ghotki Silver Rate in Gilgit Silver Rate in Gojra Silver Rate in Gujar Khan Silver Rate in Gujranwala Silver Rate in Gujrat Silver Rate in Gwadar Silver Rate in Hafizabad Silver Rate in Hala Silver Rate in Hangu Silver Rate in Haripur Silver Rate in Harnai Silver Rate in Harunabad Silver Rate in Hasan Abdal Silver Rate in Hasilpur Silver Rate in Hyderabad Silver Rate in Islamabad Silver Rate in Jacobabad Silver Rate in Jafarabad Silver Rate in Jalalpur Jattan Silver Rate in Jalalpur Pirwala Silver Rate in Jampur Silver Rate in Jamshoro Silver Rate in Jaranwala Silver Rate in Jatoi Silver Rate in Jhang Silver Rate in Jhelum Silver Rate in Kahuta Silver Rate in Kalat Silver Rate in Karachi Silver Rate in Karak Silver Rate in Karianwala Silver Rate in Kashmore Silver Rate in Kassowal Silver Rate in Kasur Silver Rate in Khairpur Silver Rate in Khanewal Silver Rate in Khanpur Silver Rate in Kharan Silver Rate in Kharian Silver Rate in Khewra Silver Rate in Khushab Silver Rate in Khuzdar Silver Rate in Khyber Agency Silver Rate in Kohat Silver Rate in Kohistan Silver Rate in Kohlu Silver Rate in Kot Addu Silver Rate in Kotli Silver Rate in Kotli Loharan Silver Rate in Kurram Agency Silver Rate in Ladhewala Waraich Silver Rate in Lahore Silver Rate in Lakki Marwat Silver Rate in Lala Musa Silver Rate in Landi Kotal Silver Rate in Larkana Silver Rate in Lasbela Silver Rate in Leiah Silver Rate in Liaquatpur Silver Rate in Lodhran Silver Rate in Loralai Silver Rate in Mailsi Silver Rate in Malakand Silver Rate in Malakwal Silver Rate in Mananwala Silver Rate in Mandi Bahauddin Silver Rate in Mansehra Silver Rate in Mardan Silver Rate in Mastung Silver Rate in Matiari Silver Rate in Mehar Silver Rate in Mehrabpur Silver Rate in Mian Channun Silver Rate in Mianwali Silver Rate in Minchinabad Silver Rate in Mingaora Silver Rate in Miranshah Silver Rate in Mirpur Silver Rate in Mirpur Khas Silver Rate in Mohmand Agency Silver Rate in Multan Silver Rate in Muridke Silver Rate in Murree Silver Rate in Muzaffarabad Silver Rate in Muzaffargarh Silver Rate in Nankana Sahib Silver Rate in Narowal Silver Rate in Nasirabad Silver Rate in Naudero Silver Rate in Naushahro Firoz Silver Rate in Nawabshah Silver Rate in North Waziristan Agency Silver Rate in Nowshera Silver Rate in Nowshera Virkan Silver Rate in Nushki Silver Rate in Okara Silver Rate in Orakzai Agency Silver Rate in Pakpattan Silver Rate in Panjgur Silver Rate in Pasni Silver Rate in Pattoki Silver Rate in Peshawar Silver Rate in Pindi Gheb Silver Rate in Pir Mahal Silver Rate in Pishin Silver Rate in Qila Abdullah Silver Rate in Qila Saifullah Silver Rate in Quetta Silver Rate in Rahimyar Khan Silver Rate in Rajanpur Silver Rate in Rawalakot Silver Rate in Rawalpindi Silver Rate in Sadiqabad Silver Rate in Sahiwal Silver Rate in Sakrand Silver Rate in Sanghar Silver Rate in Sarai Alamgir Silver Rate in Sargodha Silver Rate in Shahdadpur Silver Rate in Shangla Silver Rate in Sharqpur Silver Rate in Sheikhupura Silver Rate in Shikarpur Silver Rate in Sialkot Silver Rate in Sibi Silver Rate in Skardu Silver Rate in South Waziristan Agency Silver Rate in Sukkur Silver Rate in Swabi Silver Rate in Swat Silver Rate in Talagang Silver Rate in Tando Adam Silver Rate in Tando Allahyar Silver Rate in Tando Muhammad Khan Silver Rate in Tank Silver Rate in Taxila Silver Rate in Tharparkar Silver Rate in Thatta Silver Rate in Thul Silver Rate in Toba Tek Singh Silver Rate in Turbat Silver Rate in Umarkot Silver Rate in Vehari Silver Rate in Wah Cantonment Silver Rate in Wazirabad Silver Rate in Zhob Silver Rate in Ziarat

Worldwide Silver Price

Silver Rate in AustraliaSilver Rate in CanadaSilver Rate in JapanSilver Rate in PakistanSilver Rate in UAESilver Rate in UKSilver Rate in USASilver Rate in AfghanistanSilver Rate in AlbaniaSilver Rate in AlgeriaSilver Rate in ArgentinaSilver Rate in BahamasSilver Rate in BahrainSilver Rate in BangladeshSilver Rate in BarbadosSilver Rate in BermudaSilver Rate in BrazilSilver Rate in BulgariaSilver Rate in ChileSilver Rate in ChinaSilver Rate in ColombiaSilver Rate in Costa RicaSilver Rate in CroatiaSilver Rate in Czech RepublicSilver Rate in DenmarkSilver Rate in Dominican RepublicSilver Rate in EgyptSilver Rate in EstoniaSilver Rate in FijiSilver Rate in Hong KongSilver Rate in HungarySilver Rate in IcelandSilver Rate in IndiaSilver Rate in IndonesiaSilver Rate in IranSilver Rate in IraqSilver Rate in IsraelSilver Rate in JamaicaSilver Rate in KenyaSilver Rate in KuwaitSilver Rate in LebanonSilver Rate in MalaysiaSilver Rate in MauritiusSilver Rate in MexicoSilver Rate in MoroccoSilver Rate in New zealandSilver Rate in NorwaySilver Rate in OmanSilver Rate in PeruSilver Rate in PhilippinesSilver Rate in PolandSilver Rate in QatarSilver Rate in RomaniaSilver Rate in RussiaSilver Rate in Saudi ArabiaSilver Rate in SingaporeSilver Rate in SlovakiaSilver Rate in South AfricaSilver Rate in South KoreaSilver Rate in Sri LankaSilver Rate in SudanSilver Rate in SwedenSilver Rate in SwitzerlandSilver Rate in ThailandSilver Rate in Trinidad and TobagoSilver Rate in TunisiaSilver Rate in TurkeySilver Rate in VenezuelaSilver Rate in VietnamSilver Rate in Zambia

Today Silver Rate in Pakistan

One of the precious metals, Silver, is known to be an element. The use of silver is in electronics, coins, photography and most importantly in jewelry making. It is highly valuable among the family of elements as it has the greatest electrical conductivity among other elements. Though the uses of silver in today's age are numerous but silver is given its due importance and mostly admired in the form of jewelry worn on festivals and weddings.

Today Rate of Silver in Pakistan is Rs. 1,031 per Tola. The amount depends on many factors including the currency exchange rates, and it changes every other day.

History of Silver

Way back in 3000 B.C, silver mines were discovered for the first time in Anatolia, Turkey. By 1200 B.C silver mines were explored in Greece after the expansion of civilization. By 100 A.D most of the economy of the Roman Empire was driven by the silver mines that were explored that time. With the passing years, as new technology enabled in inspection of more silver mines, popularity of silver kept on increasing. In 1960, the supply of silver worldwide went very low due to which the government of United Stated decided on stopping the usage of silver coins in the form of dimes and quarters. Most of the silver was produced in Nevada, United States back in 1870. Around 20th century, the production of silver rose to 120 million ounces every year.  

Value of Silver

Though most of the importance is given to gold but the fact that silver is also used as a form of investment cannot be ignored as well. Investors have always been keen on buying and selling of silver via commodities market while keeping a tight check on global macro trends. The most famous commodities markets are in United States, Europe, London and Japan. These markets mainly deal in purchase and selling of silver in the form of bars, coins and bullions.

In 2009, survey revealed that around 40% of silver demand was for industrial usage while rest of it was needed for jewelry making, coin making and for international trade. A survey conducted in 2010 revealed that 487.4 million ounces silver was used worldwide in industries, 167.0 million ounces in jewelry making and 101.3 million ounces was devoted to investments. The importance of silver can be checked from the fact that each year American Silver Eagle Coins and Canadian Silver Maple Leaf coins are duly purchased by investors from an investment viewpoint. In Unites States of America, silver can be paid to get rid of the debts and loans.

Apart from coins, bullions and bars, silver certificates can also be purchased in United States of America at the price of 1$, 5$ and 10$. Swiss Banks offer the silver accounts which allows an individual to buy or sell silver instantly.

Price / Rate of Silver

In 1979, the price of silver had a drastic change in rate from $6 per troy ounce to $49 per troy ounce. In January, 1980, change in exchange rules from the leverage perspective lead to multiple restrictions on purchase of silver. As a result, price of silver went immensely down. In 1989 eventually a ban was put on trading of silver commodities.

By 2010, a lot of gold and silver was being purchased by investors due to which their prices went. The short term risks forced the investors to go back to purchasing of bonds at that time. In 2011, United States underwent a lot of financial debt due to which the price of silver in the market escalated. As the outlook on the US finances changed, the price of silver rose to $50 per troy ounce in 2011. Till April 2011, silver was being traded at $49.80 in US spot market. The price came back at $30 when it was anticipated that United States’ economy would not suffer a setback anytime soon. In 2014, the price of silver dropped to $19 per ounce which further dropped to $16.53 per ounce in April of 2018. The price of silver is anticipated to drop further in future depending on its mining and trade in global market. The silver extraction increased in 2015 in China, Peru, United States and Mexico which came out as a side product of copper, gold and lead-zinc mines.

In Pakistan, the price of silver dropped from 2,400 PKR to below 1,500 PKR per ounce in November 2015. The price of silver in Pakistan keeps on changing every day depending on international silver rates.

Factors Affecting Silver Rates

The following are the factors that cause silver rates to increase or decrease;

  • A shortage of silver supply leads to declining numbers of silver investors and traders leading to increased prices of silver in global market.
  • Short selling of silver tends to lower its price in order to make more profit.
  • The amount of silver usage in market decides on its price. More the usage, more the price.
  • Inflation in countries trading most of the silver could lead to potential lowering of silver prices.