Gold and Silver Rates in Pakistan
Silver rate in Pakistan stands at Rs. 2184 for 10 grams, and the Chandi rate in Pakistan is Rs. 2545 for 1 tola. Dealers and investors must stay informed about the current Gold and Silver Rates in Pakistan. Making wise selections requires an understanding of the patterns and variables affecting these rates. Let’s examine the dynamics of Pakistani gold and silver prices.
Today’s Silver Rate in Pakistan
22 Oct 2024, the Silver rate in Pakistan stands at Rs. 2184 for 10 grams, and the Chandi rate in Pakistan is Rs. 2545 for 1 tola.
Pakistan Silver Rate
Silver 10 Grams | Rs. 2184 |
Silver 1 Tola | Rs. 2545 |
Factors Affecting Gold and Silver Rates
Global Economic Conditions
The worldwide economic climate has a significant impact on the prices of gold and silver in Pakistan. Precious metal prices can fluctuate due to economic stability or turbulence in major economies.
Tensions in Geopolitics
Market anxiety brought on by geopolitical tensions frequently prompts investors to seek out safe-haven assets like gold and silver. The prices of these precious metals can rise in response to any global instability.
Dynamics of Supply and Demand
Prices for gold and silver are heavily influenced by demand from the investment and industrial sectors. Variability in prices can result from any mismatch between supply and demand.
Devaluation of currencies and inflation
Pakistani gold and silver prices rise as a result of investors hedging their wealth with these metals during times of high inflation or currency devaluation.
Money Supply and Interest Rates
The price of gold and silver can be significantly impacted by shifts in interest rates and monetary policy decisions made by central banks. Prices for gold and silver usually rise in response to lower interest rates.
Pakistan’s current gold and silver prices
The current rate of gold in Pakistan is PKR 227,190 per tola, while the rate of silver is PKR 2545 per tola, according to the most recent update. The dynamics of the market could cause these rates to alter.