Silver price in Pakistan- August 23, 2024

Silver is a precious metal with the symbol Ag and atomic number 47. Deeply rooted in Pakistani traditions, silver is widely used in jewellery, ornaments, and artefacts.

Moreover, it’s seen as a safe haven asset, offering protection against economic uncertainties. The industrial sector’s growth further fuels silver demand, as it’s essential in electronics, solar panels, and medical equipment.

Read More: Gold Rates Today in Pakistan

Silver prices in Pakistan are influenced by global market trends, the exchange rate, government policies, and domestic supply and demand. Factors like speculation and seasonal demand can cause price volatility.

On August 23, 2024, the rate of 10 grams of Silver was recorded at Rs2,607 while one tola was sold at Rs3,037. As reported by the London Bullion Market Association, Silver prices have witnessed fluctuation following currency movement, the rupee, against the US Dollar.