It’s also regarded as a safe haven asset that guards against financial instability. The demand for silver is further fueled by the expansion of the industrial sector since it is necessary for solar panels, electronics, and medical equipment.
Global market developments, exchange rates, governmental regulations, and domestic supply and demand all have an impact on silver prices in Pakistan. Prices might fluctuate due to factors including seasonal demand and speculative activity.
On September 20, 2024, one tola of silver was sold for Rs 3,237 while ten grams were registered for Rs 2,778. The London Bullion Market Association said that silver prices have fluctuated in response to changes in the value of the rupee relative to the US dollar.
