Silver Rate in Pakistan Today

Pakistan has no government-set silver price. The daily rate comes from a Sarafa trade association: the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) announces it once a day, usually in the afternoon, as a price per tola and per 10 grams. Newspapers, TV channels and jewellers across the country pass it on.

1. Dealers in the Sarafa bazaars follow the international silver price and the dollar rate through the day.
2. The association announces a rate for the day, from those prices and local demand and supply.
3. News outlets, price pages such as this one, and jewellers pass the rate on.
4. Your jeweller adds making charges and a margin on top.

International spot silver is quoted in US dollars per troy ounce and changes every few seconds while the market is open. The Pakistani rate starts from that price, is converted to rupees at the dollar rate, and is scaled down to one tola. The association's announced rate then sits above that conversion by a local premium, which usually reflects import costs, dealer margins and local demand. Because of this, a weaker rupee raises the local price even when silver is flat in dollars.

The rates section of this page shows the live spot price, the same price converted to rupees per tola, and how far the announced rate sits above it today. The announced rate is a daily figure, so it can lag a sharp move in spot silver until the next announcement.

The announced silver rate is one figure for the country. Dealers in Lahore, Islamabad, Peshawar, Faisalabad and other cities follow it, so the rate you see for Karachi is the benchmark everywhere. What differs from shop to shop is what is added on top: making charges for jewellery and utensils, wastage, and the shop's margin.

Purity is written as a fineness number, the parts of pure silver in 1,000. The announced rate refers to fine silver, which is 999 (99.9% silver). Pure silver is soft, so most jewellery and tableware is alloyed with other metals.

To estimate what a piece is worth by its silver alone, multiply its weight by the purity and by the rate per gram. A 100 gram piece of 925 silver holds 92.5 grams of fine silver. Jewellery sells for more than its metal value because of workmanship, and a shop usually pays less than the market rate when you sell, so expect a gap in both directions.

• Per gram = the announced 10 gram rate ÷ 10.
• Per kilogram = the announced 10 gram rate × 100.
• Per troy ounce in rupees = the rate per gram × 31.1035.
• Per tola is the announced rate itself.

International sites quote silver per troy ounce, which is heavier than the ordinary ounce used for food (28.35 g). When you compare a price in dollars with a rupee price per tola, convert both to a rate per gram first.

• Ask for the purity and have it written on the receipt.
• Ask for the rate and the charges separately: the metal rate, making charges and wastage.
• Weigh the piece on the shop's scale in front of you, and note the weight.
• Ask the buyback rate before you buy. A shop normally pays less than the market rate for used silver, and may deduct for alloy and wastage.
• Check the date of any rate you are shown. This page always shows the date the rate was announced.

The figures below are the ones used in Hanafi fiqh. Please confirm your own case with a scholar you trust, because rules differ between schools and depend on what else you own.

Scholars differ on which nisab applies to cash and savings, and on whether worn jewellery is counted. That is a question for your scholar. To value your silver, gold, cash and shares together, use the zakat calculator, and see the gold rate in Pakistan for the gold nisab.

The chart and tables on this page use Investify's own stored copy of the announced silver rate, one value per announcement day. Use the rate on a date tool to see the rate for any day in the record, with the 10 gram, gram and nisab figures for that day and the change to today.

Silver moves for reasons that overlap with gold's, such as the dollar and interest rates, and for one that is its own: silver is also an industrial metal, used in electronics and solar panels, so factory demand can matter. The local rate also follows the rupee. This page shows history, not a forecast, and Investify does not predict prices.