Karachi witnessed a significant rise in silver prices on March 20, 2026, as the precious metal continued its upward trajectory in the local market. The rate for silver, commonly referred to as “chandi ka rate,” reached Rs. 9,503 per tola, reflecting a robust increase influenced by both global market movements and active domestic demand. This surge is consistent with recent patterns where silver has shown resilience despite some fluctuations, responding positively to international precious metals trends.
Breaking down the local pricing further, silver is currently trading at Rs. 8,145 per 10 grams and Rs. 814.5 per gram. These figures are closely tied to the international spot silver prices, which have maintained elevated levels in recent weeks. The connection between silver and gold prices remains strong, as both metals often move in tandem due to their shared role as safe-haven assets and investment options. In Pakistan, the local 24-karat gold rate hovers around Rs. 498,000 to Rs. 499,000 per tola, providing a supportive backdrop for silver’s price momentum.
The ongoing strength in silver prices is underpinned by several key factors. Firstly, the metal’s close correlation with gold plays a crucial role. Gold’s firm international positioning, with spot prices exceeding $5,100 per ounce, bolsters silver’s appeal among investors who frequently use both metals for portfolio diversification and hedging against inflation. Secondly, the global spot silver market has experienced sustained upward pressure, which directly influences Pakistan’s import costs and exchange rate adjustments, thereby pushing local prices higher.
Moreover, silver’s industrial demand remains a vital component of its price stability. Its extensive use in solar energy panels, electric vehicles, electronics manufacturing, and other renewable energy technologies ensures a steady consumption rate. This industrial relevance provides a strong foundation for silver prices, even amid economic uncertainties. Locally, Pakistani buyers, including jewelers and investors, continue to show keen interest in silver as a more affordable alternative to gold, especially in times of rising inflation. This steady demand in the Sarafa markets has further contributed to the positive price trend observed today.
Market analysts emphasize that while silver prices can be volatile, the current phase indicates promising growth supported by both investment demand and industrial needs. They advise buyers and investors to monitor live market rates closely before making any transactions, as silver prices can quickly adjust in response to international developments and domestic economic conditions. For the most reliable and up-to-date information, trusted platforms such as Hamariweb, UrduPoint, FOREX.pk, and the Karachi Sarafa market remain essential resources.
In summary, silver continues to present attractive opportunities within Pakistan’s precious metals market. Its dual role as a safe-haven asset and an industrial metal ensures that it remains in focus for investors and consumers alike. Staying informed about real-time price movements will be crucial for those looking to make well-timed decisions in this dynamic market environment.
Current Silver Rates in Pakistan – March 20, 2026
| Weight | Rate (PKR) | Notes |
|---|---|---|
| 1 Gram | 814.5 | Fine/Pure Silver |
| 10 Grams | 8,145 | Fine/Pure Silver |
| 1 Tola | 9,503 | Standard Rate |
Gold Rates Today in Pakistan also remain firm, reinforcing the interconnected dynamics between these two precious metals in the local market.
