Silver Price in Pakistan – Today Chandi Rates in Pakistan

Silver, gold, chandi, and other precious metals are extremely expensive. This is used by all different types of people to create rings, necklaces, watches, and jewelry that can be worn for any occasion, including weddings, engagements, and social gatherings.

In different urban areas of Pakistan, gold, silver, and chandi rates vary according to 1 tola silver price, 1 ounce, and grammes.

This article will provide you the silver price as of today in Pakistan in 2022.

About Silver

Silver is generally been used by people for many purposes, most commonly as jewels and for contributions. People preferred bit over gold since it moves at a slower speed when compared to the price of gold.

It can be easily used for a variety of purposes because it is flexible, easy to twist, and break into thin sheets.

Origin

Silver is extracted by separating different ores, such as argentite, chlorargyrite and galena. Silver can also be found in gold, copper, zinc and lead ores but in a limited amount.

History of Silver

Silver has a history dating back to 300 B.C when we first discovered stone mines in Anatolia, Turkey and Greece. Early civilizations primarily used silver as currency around the world but over time it became more popular as an item of trade.

In recent years, silver production has even peaked with supplies available throughout the world. It is estimated that every year over 120 million silver coins are mined globally.

How Silver Rate in Pakistan is Determined?

Silver rates in Pakistan are determined by the London Bullion Market Association and are not fixed. There are several factors that affect silver rates and if the country is facing an economic crisis or a political setback then the price of silver will be high.

Additionally, the gold rate is directly linked to the silver rate in Pakistan so when the gold rate is high then it will make silver rates increase as well.

The Silver Rate in Pakistan is always high, and so it is compared to any other country. However, the Chandi Rate in Pakistan is less than the Gold Rate. In addition, there are a couple of factors that will cause the Silver Rate to fluctuate in the near future.

Factors Impacting Silver Price in Pakistan

Following are the factors that affect the price of silver:

• Uncertainty causes silver price in Pakistan to fluctuate
• There is a shortage of silver in the country, which raises the price of silver.
• When the economy is stable, there will be a decrease in the price of silver. If the economy is unstable, there will be an increase in the price of silver.
• Transformation in the Gold rate and Chandi rate both transforms.
• The political environment has an impact on the silver market
• The price of silver in Pakistan varies based on the exchange rate.
• The rate of silver is influenced by a number of factors, such as the level of world production, its demand in general and supply and demand.

Silver Rate In Pakistan

As of Sunday, August 7, 2022, the price of silver in Pakistan is RS. 1432 per 10 grammes, while RS. 1671 is the price of silver per tola. Daily updates on Chandi Rates from Saraf Market.

Silver Prices in Cities of Pakistan

This was all about silver and silver rate in Pakistan. I hope You will find this article usefull.