Silver, symbolized by Ag with an atomic number of 47, holds significant cultural importance in Pakistan, being widely used in jewelry, ornaments, and artifacts. Beyond its cultural value, silver is also considered a safe haven asset, providing protection against economic uncertainties.
The growing industrial sector in Pakistan further drives silver demand, given its critical role in electronics, solar panels, and medical equipment.
Silver prices in Pakistan are shaped by global market trends, exchange rates, government policies, and domestic supply and demand. Additionally, factors like speculation and seasonal demand contribute to price volatility.
On August 30, 2024, the price of 10 grams of silver was recorded at Rs2,650, while one tola was sold at Rs3,088. According to the London Bullion Market Association, silver prices have fluctuated due to movements in the exchange rate between the rupee and the US dollar.
