Live Silver (Chandi) Price Per Tola, Currency Exchange Rates, Forex Market Analysis & Investment Guide 2026
Silver / Chandi
Per Tola / Per 10g
NYMEX & LBMA
Karachi Sarafara Bazar
Silver, known locally as Chandi, is one of the most traded precious metals in Pakistan's bullion and investment markets. The silver rate in Pakistan is determined by international spot prices from the New York Mercantile Exchange (NYMEX) and the London Bullion Market Association (LBMA), combined with local factors such as the USD to PKR exchange rate, import duties, and logistics costs.
For everyday investors and households, silver offers an affordable entry point into precious metal investments compared to gold, making it extremely popular among Pakistan's middle class and small-scale savers.
The silver (Chandi) rate changes daily in Pakistan's open market. The Karachi Sarafara Association announces official rates every morning, which then guide traders across Lahore, Rawalpindi, and other cities.
Silver is measured in Tola (traditional Pakistani unit) and 10 Grams for wider market reference.
Silver's dual role as both a precious metal and industrial commodity makes it a vital market indicator for Pakistan.
| Asset Name | Market Weight / Type | Buying Rate (PKR) | Selling Rate (PKR) | Status |
|---|---|---|---|---|
| Chandi (Silver) 24K | Per Tola | Rs. 3,420 | Rs. 3,450 | Stable |
| Chandi (Silver) 24K | Per 10 Grams | Rs. 2,932 | Rs. 2,957 | Bullish |
| US Dollar (USD) | Open Market | Rs. 277.10 | Rs. 278.40 | Volatile |
| Euro (EUR) | Open Market | Rs. 298.50 | Rs. 300.20 | Bullish |
| British Pound (GBP) | Open Market | Rs. 351.20 | Rs. 353.50 | Stable |
| Saudi Riyal (SAR) | Open Market | Rs. 73.90 | Rs. 74.20 | Stable |
| UAE Dirham (AED) | Open Market | Rs. 75.50 | Rs. 75.80 | Bullish |
International silver prices set the foundation. Any shift in global supply-demand directly reflects in Pakistan's Sarafara market.
Since silver is imported, any PKR depreciation against the dollar instantly raises domestic silver prices.
Growing global use of silver in solar panels, EV batteries, and semiconductors increases demand and price pressure.
Wedding seasons drive higher local jewelry demand, temporarily pushing silver rates higher across Pakistan.
Silver rates in Pakistan have followed a long-term upward trajectory over the past two decades. Key drivers include PKR depreciation, rising global industrial demand, and inflation.
From relatively modest rates in the early 2000s, silver (Chandi) per tola has seen exponential growth, particularly after 2018 as Pakistan's currency came under sustained pressure.
Pakistan's bullion market is growing, with increasing interest from retail investors seeking alternatives to bank savings accounts.
Pakistan's foreign exchange ecosystem operates through two key channels:
The US Dollar is Pakistan's primary anchor currency. Its movements directly affect import costs, petroleum prices, and domestic inflation.
A weaker Rupee means higher import costs for silver, automatically raising per-tola rates in Pakistan's bullion markets.
Worker remittances from GCC countries (Saudi Arabia, UAE) in SAR and AED — both pegged to USD — represent a vital stabilizing inflow for Pakistan's foreign exchange reserves.
Jewelry carries high "making charges" that are lost at resale. For investment purposes, always prefer 999.0 fine silver bars or certified minted coins — they track the spot price closely with minimal premium.
Short-term silver trading is impractical for retail investors due to buy-sell spreads at local dealers. Financial advisors recommend a minimum 1–3 year investment horizon to benefit from macro trends like green energy adoption.
Beyond silver, holding a basket of currencies (USD, EUR, GBP) alongside PKR savings provides protection against localized currency depreciation cycles and macroeconomic shocks.
The fundamental rule: accumulate during market dips and corrections, not at peak prices. Analyze support/resistance levels before making bulk purchases.
When the US Federal Reserve raises interest rates, global capital shifts from commodities to US Treasuries, causing silver prices to dip. Conversely, in low-rate environments, silver rallies strongly.
Industrial accumulation by China and India for green technology manufacturing has permanently elevated silver's strategic importance, supporting a long-term bullish structural trend in global prices.
Two main exchange rate systems operate in Pakistan:
Silver rate per tola in Pakistan fluctuates daily. Check TheCurrencyPro for the latest live rate updated every market day.
Silver rates change daily because they are linked to international NYMEX/LBMA spot prices and the USD to PKR exchange rate, both of which fluctuate continuously.
Yes, for a long-term horizon of 1–3 years. Silver provides an affordable hedge against PKR depreciation and inflation, with growing industrial demand supporting its long-term value.
Interbank rates are used by banks for institutional transactions, while open market rates at Sarafara shops are what retail buyers actually pay. Open market rates are generally slightly higher.
Silver is priced per Tola (traditional unit equal to approximately 11.66 grams) and per 10 grams for broader market reference in Pakistan.