Silver remains one of the most actively traded precious metals in Pakistan, valued for jewellery, savings, and small-scale investment. On 12 January 2026, silver prices stayed firm across local Sarafa markets, reflecting steady international trends and ongoing currency pressure.
Today’s Silver Rates in Pakistan
As per updates from major bullion markets:
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Silver price per tola: Rs. 8,500 – Rs. 8,630
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Silver price per gram: Rs. 728 – Rs. 740 (approx.)
The lower figure usually reflects the buying (bidding) rate, while the higher figure is the selling (asking) rate quoted by dealers.
City-Wise Silver Prices (Per Tola)
Silver rates may vary slightly during the day based on local demand and dealer margins.
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Karachi: Rs. 8,500 – 8,630
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Lahore: Rs. 8,520 – 8,650
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Islamabad: Rs. 8,530 – 8,660
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Peshawar: Rs. 8,540 – 8,670
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Quetta: Rs. 8,550 – 8,680
Why Silver Prices Change in Pakistan
Several factors influence daily silver rates:
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International silver market: Global prices directly impact local rates.
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Dollar to rupee rate: A weaker rupee pushes silver prices higher in Pakistan.
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Local demand: Jewellery buying and investment interest affect prices.
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Global uncertainty: Inflation and economic risk often increase demand for precious metals.
Silver Price Trend in Early 2026
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Late December 2025: Prices were mostly stable
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Early January 2026: Gradual upward movement
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Mid-January 2026: Silver holding strong above Rs. 8,500 per tola
Overall, silver has shown controlled volatility while maintaining its value.
Is This a Good Time to Buy Silver?
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For investment: Silver remains a reliable hedge against inflation over the long term.
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For jewellery: Stable prices make it reasonable for planned purchases.
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For short-term trading: Daily fluctuations exist, so caution is advised.
Silver Outlook for 2026
Market analysts expect silver prices to remain stable to slightly higher through 2026 due to:
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Continued industrial demand
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Global inflation concerns
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Exchange rate uncertainty
Any major movement in global markets or the dollar could quickly reflect in local prices.
Quick Summary
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Per tola: Rs. 8,500 – 8,630
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Per gram: Rs. 728 – 740
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Prices vary by city and time
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Influenced by global silver rates and USD/PKR movement
For the most accurate rates, always confirm with your local Sarafa Bazaar or trusted bullion dealer before buying or selling silver.
This article is published for informational and educational purposes only. nise.org.pk is not an official government website and is not affiliated with any government department. Readers are advised to verify all information from official sources before taking any action.
