Silver has always been close to the hearts of Pakistani families. Mothers buy it for their daughters’ weddings. Investors buy it to protect their savings. Traders buy it to make a profit. And every day, millions of people across Pakistan check the silver rate in Pakistan before making a decision.
In 2026, silver prices in Pakistan are more important than ever. The market is moving fast. Prices are changing daily. And understanding why these changes happen can help you save money and invest smarter. This guide gives you the latest rates, a clear explanation of price units, what factors drive the price, how to buy silver safely, and whether silver is a good investment for Pakistanis right now.
Silver Rate in Pakistan today: March 26, 2026
Let us start with the most important number.
Silver price per tola in Pakistan increased by PKR 370, reaching PKR 7,824 on March 26, 2026, reflecting the broader upward trend in precious metals.
Here is a complete breakdown of today’s silver rate in Pakistan across all major weight units:
- Silver Rate in Pakistan on March 26, 2026
- Silver per Tola (11.66 grams): PKR 7,824
- Silver per 10 Grams: Approximately PKR 6,710
- Silver per Gram: Approximately PKR 671
- Silver per Kilogram: Approximately PKR 671,000
- Silver per Ounce (31.1 grams): Approximately PKR 20,867
These are reference rates based on the Karachi Sarafa market. Actual buying and selling prices at your local jeweller may differ slightly depending on dealer margins and making charges.
This price depends on two factors: the international silver price and the exchange rate of the Pakistani rupee. Local silver prices may vary due to taxes, making charges, and dealer premiums.
Always confirm the rate at your local Sarafa Bazaar or a trusted platform before completing any transaction.
What is tola, and why do Pakistanis use it?
Before going further, it is important to understand the measurement units used for silver in Pakistan. Tola is the most commonly used unit for silver in Pakistan. One tola is equal to 11.66 grams.
Pakistani families, jewellers, and investors have used tola for generations. It is deeply rooted in the local market culture. If you walk into any Sarafa Bazaar in Lahore, Karachi, or Islamabad, every price will be quoted in tola first.
Here is a simple unit conversion chart for reference:
- 1 Tola: 11.66 grams
- 10 Grams: 0.857 tola
- 1 Ounce: 31.1 grams or 2.67 tola
- 1 Kilogram: 1,000 grams or 85.73 tola
If you are buying silver bars or coins internationally, prices will be quoted in ounces or kilograms. Always convert to tola for local comparison.
Silver Rates in major cities of Pakistan
Silver rates in Pakistan can vary across major Pakistani cities, including Karachi, Lahore, Islamabad, Rawalpindi, Gujrat, Multan, Quetta, Sialkot, Sargodha, Peshawar, Faisalabad, Hyderabad, and Bahawalpur.
Karachi often reflects international rates faster due to its status as Pakistan’s financial hub. Lahore has a strong jewelry demand, which influences local premiums. Islamabad has slightly higher retail margins in some markets.
Here is an approximate city-wise comparison for March 26, 2026:
- Karachi: PKR 7,824 per tola (base Sarafa market rate)
- Lahore: PKR 7,830 to 7,840 per tola (slight premium due to jewelry demand)
- Islamabad: PKR 7,830 to 7,850 per tola (slightly higher retail margins)
- Peshawar: PKR 7,820 to 7,830 per tola
- Multan: PKR 7,820 to 7,825 per tola
- Faisalabad: PKR 7,822 to 7,830 per tola
Silver prices can slightly differ across cities due to transport costs and local demand conditions.
The differences between cities are small. Karachi’s Sarafa market sets the national benchmark. All other cities follow closely with minor adjustments.
Silver Price trend in Pakistan: Recent weekly movement
Today’s silver price per tola in Pakistan is PKR 7,653 based on some trackers, with the price having declined in the last 7 days by PKR 236, which equals 2.99 percent. The current spot price is above the weekly average of PKR 7,329.
However, today’s official Sarafa data shows prices surging back to PKR 7,824 per tola due to strong international bullion movement.
Silver prices surged recently, climbing PKR 570 per tola to settle at PKR 7,454 in one session, adding to the overall volatility in the bullion market.
Here is a simple recent price trend:
- February 19, 2026: PKR 9,352 per tola
- February 20, 2026: PKR 10,553 per tola (sharp surge)
- February 22, 2026: PKR 8,641 to 8,661 per tola (bidding and asking)
- March 4, 2026: Market rates ranged in higher bands
- March 21, 2026: PKR 7,256 per tola
- March 25, 2026: PKR 7,454 per tola
- March 26, 2026: PKR 7,824 per tola (latest official Sarafa figure)
Gold and silver prices in Pakistan are always changing due to international market trends, dollar rates, and economic conditions. In March 2026, both gold and silver markets have shown strong volatility, with prices going up and down within just a few days.
This level of volatility shows why checking the silver rate in Pakistan daily is so important before any purchase or sale.
What determines the Silver Rate in Pakistan?
Many people wonder why the silver rate changes every single day. Here are the main factors behind every price movement.
International silver spot price
Silver prices in Pakistan are primarily decided by Sarafa exchanges in key cities like Karachi, Lahore, and Islamabad. These associations update prices multiple times during the day in response to global markets. The COMEX in the United States is the main international exchange for silver futures, and prices here influence local rates.
When silver rises on COMEX in New York, Pakistan’s Sarafa markets adjust upward within hours. This is the most direct and powerful driver of daily price changes.
USD to PKR exchange rate
Since metals are traded internationally in USD, the strength of the dollar against the Pakistani rupee affects local pricing directly.
The silver price per tola in Pakistan depends on two factors: the international silver price and the exchange rate of the Pakistani rupee against the US dollar.
If the rupee weakens against the dollar, silver becomes more expensive in Pakistan even if the international price stays flat. This is why Pakistanis often see silver rising during periods of rupee depreciation.
Industrial demand
Unlike gold, silver has significant industrial applications. It is widely used in solar panels, electric vehicles, electronics, and renewable energy sectors. As global green energy initiatives expand, silver demand from solar panel manufacturers has steadily increased. This industrial backing provides a strong long-term price floor for silver, even during periods of weak investment demand.
This is a key difference between silver and gold. Gold is mostly a store of value. Silver also has massive industrial use. As the world builds more solar panels and electric vehicles, silver demand grows. This supports prices from below.
Local sarafa market activity
Local Sarafa markets determine final retail prices, factoring in transportation and dealer commission.
Pakistani purchasers and jewelers are maintaining active involvement with silver as an inflation hedge and a more affordable precious metal compared to gold, fueling positive direction in Sarafa markets.
Gold price movement
Silver and gold often move together. Silver has a strong link to gold’s rally. Gold’s resilient levels support silver, as investors often combine both for hedging and diversification purposes.
The upward movement of silver aligns with gold’s steady positioning in the PKR 464,000 to 475,000 per tola range, highlighting the synchronized dynamics between the two metals amid ongoing market vigor.
When gold is rising, silver tends to follow. When gold falls sharply, silver usually drops too.
Geopolitical events and global uncertainty
The silver price is determined by supply and demand, interest rates, inflation, and currency fluctuations. Geopolitical events, economic policies, industrial demand, and technological advances also influence prices, as do speculative activities and market sentiment.
Wars, trade tensions, and political instability push investors toward safe-haven assets like silver. This increases demand and drives the price up.
Silver Purity Levels: What you need to know before buying
When discussing silver purity, the rates listed generally refer to 24-carat silver, which is the purest form at 99.9 percent. Sterling Silver at 925 purity is often used for jewelry and silverware, and the rate for sterling silver will be slightly lower than the 24-carat rate. When visiting the market, always clarify whether the quoted price is for pure silver or a different alloy mixture.
Here is a simple purity guide for Pakistani buyers:
- Silver 999 (24K equivalent): Purest form, used for investment bars and coins. Price equals the full market rate.
- Silver 925 (Sterling Silver): Used for jewelry and silverware. Slightly lower price than pure silver.
- Silver 800: Used for decorative items and some jewelry. Notably cheaper than sterling.
- Silver 21K: Available at lower rates, used in some regional jewelry markets.
- 24K Silver is available in Karachi at the standard tola rate.
- 22K silver is available at a lower rate per gram, and 21-carat silver is available at an even lower rate.
Always ask your jeweller to show you the purity stamp before buying. A reputable jeweller will always stamp the purity on silver bars, coins, or jewelry.
