Gold and Silver Rates in Pakistan

8 October 2024, the Silver rate in Pakistan stands at Rs. 2873.1 for 10 grams, and the Chandi rate in Pakistan is Rs. 3290 for 1 tola.

Dealers and investors must stay informed about Pakistan’s current Gold and Silver Rates. Making wise selections requires understanding the patterns and variables affecting these rates. Let’s examine the dynamics of Pakistani gold and silver prices.

Today’s Silver Rate in Pakistan

The Silver rate in Pakistan stands at Rs. 2073.1 for 10 grams, and the Chandi rate in Pakistan is Rs. 2418 for 1 tola.

Pakistan Silver Rate

Factors Affecting Gold and Silver Rates

Global Economic Conditions

The worldwide economic climate significantly impacts the prices of gold and silver in Pakistan. Precious metal prices can fluctuate due to financial stability or turbulence in major economies.

Tensions in Geopolitics

Market anxiety brought on by geopolitical tensions frequently prompts investors to seek out safe-haven assets like gold and silver. The prices of these precious metals can rise in response to global instability.

Dynamics of Supply and Demand

Prices for gold and silver are heavily influenced by demand from the investment and industrial sectors. Variability in prices can result from any mismatch between supply and demand.

Devaluation of currencies and inflation

Pakistani gold and silver prices rise due to investors hedging their wealth with these metals during times of high inflation or currency devaluation.

Money Supply and Interest Rates

The price of gold and silver can be significantly impacted by shifts in interest rates and monetary policy decisions made by central banks. Prices for gold and silver usually rise in response to lower interest rates.

Pakistan’s current gold and silver prices

The current rate of gold in Pakistan is PKR 227,190 per tola, while the rate of silver is PKR 2545 per tola, according to the most recent update. The dynamics of the market could cause these rates to alter.

 Last 7 Days Silver Rate in Pakistan