Karachi, March 12, 2026 – Silver prices in Pakistan have witnessed a notable increase today, continuing their upward trend with the rate for chandi (silver) reaching Rs. 11,102 per tola. This rise reflects a combination of strong international precious metals momentum and heightened domestic interest, which together have propelled silver prices to new highs. The current surge extends the ongoing bullish phase that silver has been experiencing, underscoring the metal’s sensitivity to global market dynamics and investor sentiment.
Locally, silver is trading at Rs. 9,516 per 10 grams and Rs. 951.6 per gram, figures that are supported by the strength of international spot silver prices and its close correlation with gold. The precious metal is increasingly viewed as a reliable safe-haven asset amid economic uncertainties, while also maintaining its importance as a key industrial material. This dual role has attracted a broader base of buyers, including investors looking for portfolio diversification and industries dependent on silver’s unique properties.
Meanwhile, gold prices have also maintained their firm stance, with 24-karat gold currently valued at Rs. 543,262 per tola in the local market. The parallel performance of gold and silver highlights the interconnected nature of these metals, as both tend to move in tandem during periods of market strength and risk aversion. This synchronicity is particularly evident when investors seek refuge in precious metals amid fluctuating economic conditions and geopolitical tensions.
Several key factors are driving the upward momentum in silver prices across Pakistan. Firstly, the strong linkage to the ongoing gold rally plays a significant role. Gold’s elevated international spot prices, hovering above $5,100 per ounce, have a direct influence on silver, as investors often consider the two metals together for hedging purposes and risk management. This relationship means that gains in gold frequently translate into positive movements for silver as well.
Secondly, the international spot silver market has maintained upward pressure, with prices staying in higher ranges globally. This trend impacts local pricing through import costs and exchange rate fluctuations, making silver more expensive in Pakistani rupees. Additionally, the metal’s reliable demand from industrial sectors such as solar energy, electric vehicles, electronics, and other renewable technologies ensures a steady consumption base. This industrial demand provides a fundamental support that helps sustain prices even when market conditions fluctuate.
On the domestic front, Pakistani buyers and jewelers have shown increased enthusiasm for silver as a more affordable alternative to gold, especially in times of rising inflation. This growing interest has contributed to the positive momentum observed in local Sarafa markets today. Silver’s accessibility and its role as a hedge against currency depreciation make it an attractive option for investors and consumers alike.
Market analysts emphasize silver’s dynamic and promising outlook, noting that the recent price increases have solidified into a sustained upward phase. This trend is underpinned by both investment appeal and strong industrial fundamentals, suggesting that silver will continue to attract attention in the near term. However, experts advise buyers and investors to monitor live Sarafa market rates closely before making any transactions, as silver prices can react quickly to shifts in international markets and local economic conditions.
For those seeking the most accurate and up-to-date information, reliable platforms such as Hamariweb, UrduPoint, FOREX.pk, and the Karachi Sarafa market provide real-time silver price updates. Staying informed is crucial for making well-timed investment decisions in the ever-evolving precious metals landscape.
To summarize the current rates: silver is priced at Rs. 951.6 per gram, Rs. 9,516 per 10 grams, and Rs. 11,102 per tola, all reflecting fine or pure silver standards. These figures highlight the metal’s strong position in Pakistan’s precious metals market as of March 12, 2026.
