Silver Price in Pakistan Today – May 6 2024 Chandi Rate
| 1 Gram | Rs: 219 |
| 10 Gram | Rs: 2,186 |
| 1 Tola | Rs: 2,500 |
| 1 Ounce | Rs: 6,860 |
| 1 Kilogram | Rs: 218,621 |
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The most important detail for anybody looking to purchase silver as an investment or for female wear is the price in Pakistan. The silver price is very important in Pakistan because it affects the economy in many ways and how customers make financial decisions. Individuals, investors, and companies may make sensible choices about their trade, purchases, and investments by closely watching the silver rate.
For years, silver served a significant role in Pakistani history, serving as presents, decoration, and money on a variety of occasions. Its importance changed with time, and now both people and institutions consider it to be a popular investment choice. Like other commodities, the price of silver in Pakistan is impacted by both national and foreign influences. Because of this, this brief tutorial will guide you about Pakistan's Silver rate. I'll also provide you with some additional important details about silver, such as its history and the variables that affect its price.
Silver Rate in Pakistan Today May 6 2024 | Chandi Rate in Pakistan
| Silver Quantity | Price in Pkr |
|---|---|
| Silver 1 Gram Price | Rs. 224 |
| Silver 10 Gram Price | Rs. 2,248 |
| Silver 1 Tola Price | Rs. 2,623 |
| 21K Silver Per gram | Rs. 191 |
| 22K Silver Per gram | Rs. 200 |
| 24K Silver Per gram | Rs. 217 |
Calculate Silver Price with Current Pakistani Rates
Silver Rates By Cities Today
| City | 10 Gram Price | 1 Tola Price |
|---|---|---|
| Karachi | Rs. 2,248 | Rs. 2,623 |
| Lahore | Rs. 2,248 | Rs. 2,623 |
| Islamabad | Rs. 2,248 | Rs. 2,623 |
| Hyderabad | Rs. 2,248 | Rs. 2,623 |
| Multan | Rs. 2,248 | Rs. 2,623 |
| Bahawalpur | Rs. 2,248 | Rs. 2,623 |
| Faisalabad | Rs. 2,248 | Rs. 2,623 |
| Sialkot | Rs. 2,248 | Rs. 2,623 |
| Quetta | Rs. 2,248 | Rs. 2,623 |
| Peshawar | Rs. 2,248 | Rs. 2,623 |
History of Silver
Since 3000 BC, silver has existed for the same amount of time as gold. The oldest known silver mines were in Greece and Turkey, where silver was used to manufacture coins, jewellery, and other items. Silver was the currency of many ancient civilizations, such as the Byzantine and Roman empires. At first, it was mostly employed to create elaborate jewellery, complex objects, and religious tributes.
Diamond jewellery is the most costly, even though silver is thought to be the least expensive. When deciding which diamond to buy, someone with a reasonable budget looks up the price in Pakistan and chooses the one that looks best.
Silver Ring Price in Pakistan
| Silver Ring | Price in Pkr | Specification |
|---|---|---|
| Designer Silver Ring | Rs. 800 | Formal Ring with a Swarovski American Diamond setin925 Sterling Silver |
| Aura Ring | Rs. 3500 | 16 mm in diameter, handmade, entirely pure silver |
| Essence of Amethyst | Rs. 2200 | 19 mm size, Purple Color, 925 Silver |
| Aquamarine Dangle | Rs. 3500 | 17 mm size, Synthetic Aquamarine |
| Vintage Aquamarine | Rs. 3000 | Handmade crafted, Blue Gem color, 16mm size |
Factors impacting Pakistan Chandi Silver Rate
We will look at each of these factors carefully in order to find the present silver rate in Pakistan.
- Global supply and demand: If there is a shortage of something and a strong demand, prices will rise. If supply matches demand and demand is high, the price will remain low.
- Economic Conditions: As a result of consumers looking to silver as a safe haven during the crisis, its price has increased. Due to its industrial application, silver's price may increase during periods of economic expansion.
- Currency fluctuations: The local price of silver may be impacted by changes in the Pakistani Rupee's exchange rate relative to the US dollar. The value of silver may increase if the Pakistani Rupee declines.
- Geopolitical Factors: Political unrest and instability in important countries that produce or use silver can have an impact on silver prices.
- Interest Rates and Monetary Policies: Shifts in interest rates and monetary policies enacted by central banks may have an indirect impact on the price of silver.
- Inflation: When fiat money loses purchasing power due to inflation, people resort to physical goods like silver, which raises the price.
- Industrial Demand: Silver is used extensively in solar panels, electronics, and photography. The price of silver can fluctuate significantly in response to changes in industrial demand, particularly in developing economies.
- Investor Sentiment: The price of silver is also influenced by speculation and market mood. The price of silver will increase if buyers think it's a good investment and purchase more of it.
- Mine Production: The price of silver may be adversely affected by a disruption or alteration in mine production.
- Government Policies: : Import/export laws, levies, and tariffs are some of the ways the government may influence the supply and cost of silver.
Conclusion
The silver rate in Pakistan, the second most popular jewellery in the nation, is the focus of this blog. While the price of chandi does not alter, it does fluctuate in response to changes in Pakistan's gold rate. The majority of people purchase chandi as investments or for themselves. Given that we are not financial experts in silver, we do not advise purchasing it as an investment alternative. You may get a set of chandi rings at competitive costs from a number of reputable and high-ranking vendors in Pakistan. We advise going to the market in your city and making a well-informed purchase decision after doing extensive research.
Frequently Asked Questions
How frequently does Pakistan's silver rate change?
The weekly changes in the market, gold prices, and currency values determine the value of silver in Pakistan.
In Pakistan, how can I invest in silver?
In Pakistan, there are several options to invest in silver. Reputable jewelers and bullion sellers sell genuine silver in the shape of coins or bars.
Does Pakistan charge taxes on silver?
Yes, silver may be taxable in Pakistan, just like other investments and products.
If there is some mistake on our information feel free to contact us