Silver, represented by the symbol Ag and atomic number 47, holds significant cultural and economic value in Pakistan.
It is commonly used in jewellery, ornaments, and artefacts and is regarded as a safe-haven asset, providing protection against economic uncertainties. The metal’s importance extends to the industrial sector, where it is used in electronics, solar panels, and medical equipment.
In Pakistan, silver prices are affected by global market trends, exchange rates, government policies, and domestic supply and demand. Speculation and seasonal factors can also contribute to price volatility.
As of September 6, 2024, the price of silver was Rs2,574 for 10 grams and Rs2,999 per tola. According to the London Bullion Market Association, these prices have experienced fluctuations due to changes in the rupee’s value against the US dollar.
