Silver Rate Today Lahore, Karachi, Islamabad, Quetta & Peshawar
Silver prices in Pakistan continue to remain under close observation as daily rate changes impact buyers, investors, and traders across the country. While gold usually dominates headlines, silver has become equally important due to its affordability, growing industrial demand, and increasing use as an investment option. On 22 January 2026, silver rates in major cities including Lahore, Karachi, Islamabad, Quetta, and Peshawar remained firm as per the Pakistan Sarafa Market.
Many people now search for city-wise silver prices before buying jewellery, coins, or bars. This detailed article provides today’s silver rate in all major Pakistani cities, along with market trends, reasons behind price changes, and guidance for buyers.
Silver Rate Today in Pakistan – Overview
As per the latest Sarafa Market update, the average silver price in Pakistan today is Rs. 9,899 per tola. Prices are based on international silver rates and the US dollar exchange rate, with minor city-wise variations.
Today Silver Price (Average)
- Per Tola: Rs. 9,899
- Per 10 Grams: Rs. 8,485
- Per Gram: Rs. 848
- Per Ounce: Rs. 26,400
These rates may change during the day depending on global market movement.
Silver Rate Today in Karachi
Karachi is the main hub of gold and silver trading in Pakistan, and its Sarafa Market sets the base rate followed by other cities.
Karachi Silver Rate Today
- Per Tola: Rs. 9,899
- Per Gram: Rs. 848
Most dealers and jewellers across Pakistan rely on Karachi Sarafa Market rates, making Karachi the reference point for silver pricing nationwide.
Silver Rate Today in Lahore
Lahore is one of Pakistan’s largest jewellery and bullion markets. Silver demand in Lahore remains strong for jewellery, utensils, and investment purposes.
Lahore Silver Rate Today
- Per Tola: Rs. 9,920
- Per Gram: Rs. 850
Slightly higher prices in Lahore are mainly due to transportation costs and local demand factors.
Silver Rate Today in Islamabad
Islamabad’s silver market generally follows Karachi and Lahore trends, with minimal variation.
Islamabad Silver Rate Today
- Per Tola: Rs. 9,940
- Per Gram: Rs. 852
Silver demand in Islamabad is driven by both investment buying and retail jewellery purchases.
Silver Rate Today in Peshawar
Peshawar has a strong tradition of silver usage, especially for jewellery and traditional items.
Peshawar Silver Rate Today
- Per Tola: Rs. 9,950
- Per Gram: Rs. 853
Prices in Peshawar are usually slightly higher due to market demand and logistics.
Silver Rate Today in Quetta
Quetta’s silver market is smaller compared to other cities, but rates closely follow national trends.
Quetta Silver Rate Today
- Per Tola: Rs. 9,970
- Per Gram: Rs. 855
The difference in rates is usually minimal and does not significantly affect buyers.
City-Wise Silver Rate Comparison Table
| City | Silver Rate per Tola (Rs.) |
|---|---|
| Karachi | 9,899 |
| Lahore | 9,920 |
| Islamabad | 9,940 |
| Peshawar | 9,950 |
| Quetta | 9,970 |
Why Silver Rates Differ by City
Silver prices in Pakistan are mostly uniform, but small differences exist due to:
- Transportation costs
- Local demand and supply
- Dealer margins
- Market competition
Karachi sets the base rate, while other cities adjust slightly.
Factors Affecting Silver Rates in Pakistan
International Silver Market
Global silver prices directly impact Pakistan’s local rates. Any change in international demand reflects quickly in local markets.
Dollar to Rupee Exchange Rate
Since silver is traded internationally in dollars, a weak Pakistani rupee increases local prices.
Industrial Demand
Silver is used in electronics, solar panels, and medical equipment, which supports global demand.
Local Investment Trend
With gold becoming expensive, many investors are shifting toward silver.
Silver Price Trend in Recent Weeks
Over recent weeks, silver prices in Pakistan have shown steady movement with mild upward pressure. Unlike gold, silver usually moves gradually, making it attractive for small investors.
Market experts believe silver prices may remain stable with a slight upward bias in 2026.
Is Silver a Good Investment Right Now?
Silver is considered a good option for:
- Small and medium investors
- Long-term savings
- Hedge against inflation
However, silver prices can be volatile in the short term, so buyers should focus on long-term holding.
Silver vs Gold in Current Market
| Feature | Silver | Gold |
|---|---|---|
| Price | Lower | Very High |
| Stability | Moderate | High |
| Investment Size | Small to Medium | Medium to Large |
| Industrial Use | High | Low |
Many experts suggest holding both metals to balance risk.
How Often Silver Rates Change in Pakistan
Silver rates may change:
- Once daily
- Multiple times a day
- After major global market movements
Checking updated rates before buying or selling is strongly advised.
Tips for Buying Silver in Any City
- Always check the latest Sarafa rate
- Confirm purity (Silver 999 or 925)
- Use a digital weighing scale
- Take a proper receipt
- Compare prices from different dealers
Common Uses of Silver in Pakistan
Silver is widely used for:
- Jewellery and ornaments
- Coins and bars
- Utensils and gifts
- Long-term investment
Its affordability makes it popular among all income groups.
What Experts Say About Silver Prices in 2026
Experts believe silver prices in 2026 will remain supported by:
- Rising industrial demand
- Inflation concerns
- Economic uncertainty
While sharp price jumps are unlikely, gradual appreciation is expected.
What’s the cost of 1 kg of silver?
The cost of 1 kilogram of silver in Pakistan is calculated based on the per gram rate announced by the Sarafa Market. With silver trading near Rs. 848 per gram, the total price of 1 kg silver comes to around Rs. 848,000. This price may vary slightly depending on purity, dealer margin, and city-wise demand.
How much silver is in 1 tola?
One tola of silver is equal to approximately 11.66 grams. This traditional unit is widely used in Pakistan’s Sarafa Market for buying and selling silver and gold. Most silver prices, including 5 tola and 10 tola rates, are calculated using the 1 tola base rate.
What is the price of 24K gold in Pakistan?
The price of 24K gold in Pakistan today is around Rs. 505,000 per tola. Per 10 grams, the rate is approximately Rs. 432,960, while per gram gold costs about Rs. 43,296. These prices are updated according to the Pakistan Sarafa Market and may change during the day.
How much is 1 kg of silver today?
As of today, 1 kilogram of silver in Pakistan is priced at approximately Rs. 848,000. This rate is based on the current silver price per gram and reflects international market trends along with the US dollar exchange rate. Buyers planning large silver purchases should always confirm the latest rate before making a transaction.
Conclusion – Silver Rate Today in 2026
The silver rate today in Lahore, Karachi, Islamabad, Quetta, and Peshawar remains firm, with per tola prices ranging between Rs. 9,899 and Rs. 9,970. Minor city-wise differences exist, but overall trends remain aligned with the Pakistan Sarafa Market.
With rising gold prices, silver continues to gain importance as an affordable and practical investment option. Whether buying for jewellery, savings, or trading, staying updated with city-wise silver rates helps buyers make better decisions.
Silver prices in major Pakistani cities remained steady as per Sarafa Market, with per tola rates hovering near Rs. 9,900 amid stable global trends.
