Karachi, March 28, 2026 – Silver prices in Pakistan experienced a notable increase today, with the rate reaching Rs. 9,402 per tola. This upward movement reflects continued strength influenced by international precious metals trends alongside active domestic demand. The current rise extends the recent positive momentum, as silver remains highly responsive to global market fluctuations.
Locally, silver is priced at Rs. 8,059 per 10 grams and Rs. 805.9 per gram. These rates are supported by international spot silver activity and its close correlation with gold prices. Silver continues to be viewed as both a practical safe-haven asset and an essential industrial commodity amid the current economic environment.
Analysts highlight silver’s volatile yet promising trajectory, noting that recent market shifts have propelled it into this robust phase. This resilience is underpinned by its appeal to investors and its critical role in various industries. The metal’s performance aligns with gold’s steady position, with local 24K gold trading around Rs. 493,500 per tola, underscoring the interconnected dynamics between the two metals amid sustained market vigor.
Several key factors are driving the rise in silver prices in Pakistan. Firstly, the strong correlation with gold’s rally plays a significant role. Gold’s firm international spot price, hovering above $5,100 per ounce, and stable local rates encourage traders to combine both metals for portfolio protection and diversification.
Meanwhile, international spot silver prices maintain a powerful upward momentum, which quickly translates into higher local valuations through import costs and currency exchange effects. Additionally, silver’s indispensable industrial demand—particularly in solar energy, electric vehicles, electronics, and clean energy sectors—ensures steady consumption, reinforcing price stability across varying market conditions.
On the domestic front, Pakistani buyers and jewelers are increasingly engaging with silver as a cost-effective alternative to gold and a hedge against inflation. This heightened local participation has contributed significantly to today’s vigorous price gains in Sarafa markets.
Experts advise buyers and investors to consult live Sarafa market rates before making transactions, as silver prices can swiftly react to both international developments and local market dynamics.
Silver Rates in Pakistan – March 28, 2026:
Weight – Rate (PKR) – Notes
1 Gram – 805.9 – Fine/Pure Silver
10 Grams – 8,059 – Fine/Pure Silver
1 Tola – 9,402 – Standard Rate
