Silver Jewelry Market Rates in Pakistan – December 17, 2024
As of December 17, 2024, silver prices in Pakistan are as follows:
Measurement Unit | Silver Rate (PKR) |
---|---|
Per Tola | ₨3,180 |
10 Grams | ₨2,726 |
Per Gram | ₨272.60 |
Recent Trends
In the past week, silver prices have shown slight fluctuations. On December 13, 2024, the price per ounce was ₨8,492.69, increasing to ₨8,879.28 by December 10, 2024.
International Market Influence
The international silver market significantly impacts local prices. As of December 17, 2024, silver is trading at $30.56 per ounce globally.
Comparison with Gold
Silver remains a more affordable option compared to gold. On December 17, 2024, gold is priced at ₨277,000 per tola in Pakistan.
Factors Affecting Silver Prices
- Global Demand and Supply: International market dynamics influence local silver rates.
- Currency Exchange Rates: Fluctuations in the PKR against the USD affect import costs.
- Economic Conditions: Economic stability and inflation rates can impact precious metal prices.
Frequently Asked Questions
1. What is the current silver rate per tola in Pakistan?
As of December 17, 2024, the silver rate per tola is ₨3,180.
2. How much is silver per gram in Pakistan today?
The silver price per gram is ₨272.60 as of December 17, 2024.
3. How do international silver prices affect local rates?
Local silver prices are influenced by international market rates, currency exchange fluctuations, and import duties.
4. Why is silver considered a good investment?
Silver is often viewed as a hedge against inflation and currency devaluation, making it a popular investment choice.
Please note that silver prices are subject to change due to market conditions. For the most current rates, consult local jewelers or financial news sources.