currency rate today https://pakistanwap.com My WordPress Blog Fri, 29 Oct 2021 13:33:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.2 https://i0.wp.com/pakistanwap.com/wp-content/uploads/2020/04/cropped-favicon-32x321-1.png?fit=32%2C32&ssl=1 currency rate today https://pakistanwap.com 32 32 169834653 Today Open Market Currency Rates in Pakistan – PKR Exchange Rates 29 0ctober 2021 https://pakistanwap.com/pkr-exchange-rates-29-0ctober-2021/ https://pakistanwap.com/pkr-exchange-rates-29-0ctober-2021/#respond Fri, 29 Oct 2021 02:15:17 +0000 https://pakistanwap.com/?p=18751 Today Open Market Currency Rates in Pakistan – PKR Exchange Rates 29 0ctober 2021

Today Currency Rate in Pakistan – Latest today currency rates in Pakistan according to the Forex Association on 29 October 2021 are US Dollar: PKR 173.60, Euro: PKR 197.00, British Pound: PKR 238.50, Saudi Riyal: PKR 46.50, UAE Dirham: PKR 49.00, Australian Dollar: PKR 129.0p0. More buying and selling rates are given below.

Pakistanwap – Pakistan’s Leading Web Portal: Turkish Series English Urdu Subtilties | News Daily Update | New Mobile Update | Daily Gold Price Update | Update universities News | Currency Exchange Rates | Etc

Currency Exchange

Apart from buying and selling of goods, currencies are also exchanged between open markets of different countries. International banks, most famous being Deutsche Bank, Barclays, HSBC, Standard Chartered, Citi etc are involved in fixing the rate of currency exchange in the global market. One central national bank of every country sets exchange rate of currency on daily basis and this process is known as Foreign Exchange Fixing.

How Currency Exchange Works

The currency exchange rate basically tells us the worth of our money in foreign currency. If we want to purchase or buy a currency, the exchange rate lets us know how much we would have to pay to purchase that currency. Exchange rate for currencies is determined by foreign exchange traders. The exchange rate is also an indicator of building up or weakening of a currency. Before getting your currency exchanged, you ought to know the buying and selling rate of the concerned currency in the market. Usually best deals are offered by National Banks but other than that money can be exchanged at money changers in every country.PKR Exchange Rates 29 0ctober 2021,PKR Exchange Rates 29 0ctober 2021

In Pakistan, currency can be exchanged at the following;

  • Western Union
  • Dollar East Money Changer
  • Pakistan Currency Exchange Co Pvt Limited
  • AA Exchange, Lahore
  • Paragon Exchange, Lahore
  • Habib Qatar International Exchange Pakistan
  • Wall Street Exchange Co Pvt Ltd
  • Ravi Exchange, Lahore
  • Pay Exchanger, Lahore
  • Link International Exchange Co Pvt Ltd
  • Apni Exchange, Lahore
Today Open Market Currency Rates in Pakistan – PKR Exchange Rates 29 0ctober 2021
Today Open Market Currency Rates in Pakistan – PKR Exchange Rates

❤ Watch Historical Series English, Urdu Subtitles By Pakistanwap UHD 1080p For Free.Historical Series all latest Episodes On Top20Series

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Gold price in Pakistan today, 12 October 2021 https://pakistanwap.com/gold-price-in-pakistan-today-12-october-2021/ https://pakistanwap.com/gold-price-in-pakistan-today-12-october-2021/#respond Mon, 11 Oct 2021 21:00:00 +0000 https://pakistanwap.com/?p=18038 Gold Price in Pakistan

Today gold price in pakistan, 12 October 2021 is Rs.112,530/- per tola of 24K, while per tola is Rs.103,148/- of 22K. The prices of gold in Pakistan today per 10 grams of 24K is Rs. 96,510/- while rate of 22K per 10 grams is Rs.88,463/-.

Gold rate in pakistan today, 12 October 2021 is Rs.112,530/- per tola.

Gold Rate in Pakistan today 12 October 2021

Gold Price24K Gold22K Gold21K Gold18K Gold
Per tola goldRs.112,530Rs.103,148Rs. 98,459Rs.84,394
per 10 grams goldRs.96,510Rs.88,463Rs.84,441Rs.72,380
per 1 gram goldRs.9,651Rs.8,846Rs.8,444Rs.7,238



Current Gold rate in pakistan

Rate of gold in pkr today on 12 October 2021 is Rs.112,530/- per tola of 24K.

Pakistanwap give you the updated and latest prices of gold rates, currency exchange prices & silver prices on daily basis. All prices are updated to the latest prices every hour.

Gold price in Pakistan today, 12 October 2021
Today Gold price in Pakistan, 12 October 2021

Gold rate in pkr

Gold price in pakistan today is Rs.112,530/- per tola of 24K gold, & Rs. 96,510/- per 10 grams of gold. Check out the latest & updated gold rate in pkr on Pakistanwap wabsite.

Pakistanwap is committed to provide you the prevailing current gold price in pkr. You can also find latest gold rates by clicking on Gold Price Daily Update & Business section of pakistanwap.

Source of information about Gold price in pakistan today provided by pakistanwap is not only collected by karachi gold market but also other cities Sarafa Bazar Associations.

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Exchange Rates In Pakistan, 12 October 2021 https://pakistanwap.com/exchange-rates-in-pakistan-12-october-2021/ https://pakistanwap.com/exchange-rates-in-pakistan-12-october-2021/#respond Mon, 11 Oct 2021 21:00:00 +0000 https://pakistanwap.com/?p=18051

Exchange Rates in Pakistan-12 October 2021

Pakistanwap – Pakistan’s Leading Web Portal: Turkish Series English Urdu Subtilties | News Daily Update | New Mobile Update | Daily Gold Price Update | Update universities News | Currency Exchange Rates

Open Market Exchange rates in Pakistan

Exchange Rates in Pakistan – Latest currency rates in Pakistan according to the Forex Association 12 October 2021 are US Dollar: PKR 171.40, Euro: PKR 197.00, British Pound: PKR 234.30, Saudi Riyal: PKR 46.00, UAE Dirham: PKR 47.80, Australian Dollar: PKR 124.50. More buying and selling rates are given below.

Exchange Rates In Pakistan, 12 October 2021

CurrencyBuyingSelling
 USD170.40171.40
 SAR45.4046.00
 GBP231.80234.30
 EUR195.00197.00
 AED47.2047.80

Digital currency Update

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Gold price in Pakistan today, 11 October 2021 https://pakistanwap.com/gold-price-in-pakistan-today-11-october-2021/ https://pakistanwap.com/gold-price-in-pakistan-today-11-october-2021/#respond Sun, 10 Oct 2021 21:00:00 +0000 https://pakistanwap.com/?p=18026 Gold rate in Pakistan

Gold price in pakistan today is Rs.112525/- per tola of 24K gold, & Rs.96,505/- per 10 gram of gold. Check out the updated latest gold rate in pkr on Pakistanwap website.

Gold rate in pakistan today, 11 October 2021 is Rs.112,525/- per tola

Gold price in Pakistan today

Rate of gold in pkr today on 11th October 2021 is Rs.112,525/- per tola of 24K, while per tola is Rs. 103,148/- of 22K. The prices of gold in pakistan today per 10 grams of 24K is Rs.96,505/- while rate of 22K per 10 grams is Rs.88,463/-.

Gold price in Pakistan today, 11 October 2021

Pakistanwap give you the latest and updated prices of gold rates, currency exchange prices & silver prices on daily basis. All prices are updated to the latest prices every hour.

Gold current price in pkr

Gold rate in pakistan today, 11 October 2021 is Rs.96,505/- per 10 grams

Karachi, main hub of the gold & silver market in Pakisan, decide & set the daily prices of gold for Sarafa Market all over the pakistan. daily gold rates for different cities including Karachi, Lahore, Islamabad, Peshawar, Quetta, & Multan are same for every location. Sarafa Bazar Association of all cities follow the rates refer by the Karachi Sarafa Bazar Association.

Gold Rate in Pakistan today 11 October 2021

Gold Price24K Gold22K Gold21K Gold18K Gold
Per tola goldRs.112,525Rs.103,148Rs. 98,459Rs.84,394
per 10 grams goldRs.96,505Rs.88,463Rs.84,441Rs.72,380
per 1 gram goldRs.9,650.5Rs.8,846Rs.8,444Rs.7,238



Current Gold rate in pakistan

Gold price in pakistan today as of 11th October 2021 in Karachi per tola of 24-karat is Rs.112525 & per 10 grams is Rs.96,505/-

Check current gold rate in PKR anytime when you want in a day. Per tola & 10 grams gold price for 24K, 22K, 21K, & 18K are updated every hour.

Pakistanwap is committed to provide you the prevailing current gold price in pkr. You can also find latest gold rates by clicking on Gold Price Daily Update & Business section of pakistanwap.

Source of information about Gold price in pakistan today provided by pakistanwap is not only collected by karachi gold market but also other cities Sarafa Bazar Associations.

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Gold price in Pakistan today, 10 October 2021 https://pakistanwap.com/gold-price-in-pakistan-today-10-october-2021/ https://pakistanwap.com/gold-price-in-pakistan-today-10-october-2021/#respond Sat, 09 Oct 2021 21:00:00 +0000 https://pakistanwap.com/?p=18009 Gold price in Pakistan in pkr

Gold price in pakistan today is Rs.113,000/- per tola of 24K gold, & Rs.96,800/- per 10 gram of gold. Check out the updated latest gold rate in pkr on Pakistanwap website.

Gold rate in pakistan today, 10 October 2021 is Rs.113,000/- per tola

Gold rate in Pakistan today

Rate of gold in pkr today on 10 October 2021 is Rs.113,000/- per tola of 24K, while per tola is Rs. 103,583/- of 22K. The prices of gold in pakistan today per 10 grams of 24K is Rs.96,800/- while rate of 22K per 10 grams is Rs.88,733/-.

Gold price in Pakistan today, 10 October 2021
Gold price in Pakistan today, 10 October 2021

Pakistanwap give you the latest and updated prices of gold rates, currency exchange prices & silver prices on daily basis. All prices are updated to the latest prices every hour.

Gold current price in pkr

Gold rate in pakistan today, 10 October 2021 is Rs.96,800/- per 10 grams

Karachi, main hub of the gold & silver market in Pakisan, decide & set the daily prices of gold for Sarafa Market all over the pakistan. daily gold rates for different cities including Karachi, Lahore, Islamabad, Peshawar, Quetta, & Multan are same for every location. Sarafa Bazar Association of all cities follow the rates refer by the Karachi Sarafa Bazar Association.

Source of information about Gold price in pakistan today provided by pakistanwap is not only collected by karachi gold market but also other cities Sarafa Bazar Associations.

Current Gold rate in pakistan in pkr

Check current gold rate in PKR anytime when you want in a day. Per tola & 10 grams gold price for 24K, 22K, 21K, & 18K are updated every hour.

Gold Rate in Pakistan today 10 October 2021

Gold Price24K Gold22K Gold21K Gold18K Gold
Per tola goldRs.113,000Rs.103,583Rs. 98,875Rs.84,750
per 10 grams goldRs.96,800Rs.88,733Rs.84,700Rs.72,600
per 1 gram goldRs.9,680Rs.8,873Rs.8,470Rs.7,260

Gold price in pakistan today as of 10 October 2021 in Karachi per tola of 24-karat is Rs.113,000 & per 10 grams is Rs.96,800/-

Pakistanwap is committed to provide you the prevailing current gold price in pkr. You can also find latest gold rates by clicking on Gold Price Daily Update & Business section of pakistanwap.

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Gold price in Pakistan today, 9 October 2021 https://pakistanwap.com/gold-price-in-pakistan-today-9-october-2021/ https://pakistanwap.com/gold-price-in-pakistan-today-9-october-2021/#respond Fri, 08 Oct 2021 21:00:00 +0000 https://pakistanwap.com/?p=17952 Gold Price in Pakistan

Today gold price in pakistan, 9 October 2021 is Rs.113,000/- per tola of 24K, while per tola is Rs.103,583/- of 22K. The prices of gold in Pakistan today per 10 grams of 24K is Rs. 96,800/- while rate of 22K per 10 grams is Rs.88,733/-.

Gold rate in pakistan today, 9 October 2021 is Rs.113,000/- per tola.

Gold Price24K Gold22K Gold21K Gold18K Gold
Per tola goldRs.113,000Rs.103,583Rs. 98,875Rs.84,750
per 10 grams goldRs.96,800Rs.88,733Rs.84,700Rs.72,600
per 1 gram goldRs.9,680Rs.8,873Rs.8,470Rs.7,260



Current Gold rate in pakistan

Rate of gold in pkr today on 9 October 2021 is Rs.113,000/- per tola of 24K.

Pakistanwap give you the updated and latest prices of gold rates, currency exchange prices & silver prices on daily basis. All prices are updated to the latest prices every hour.

Gold price in Pakistan today, 9 October 2021
Today Gold price in Pakistan, 9 October 2021

Gold rate in pkr

Gold price in pakistan today is Rs.113,000/- per tola of 24K gold, & Rs. 96,800/- per 10 grams of gold. Check out the latest & updated gold rate in pkr on Pakistanwap wabsite.

Pakistanwap is committed to provide you the prevailing current gold price in pkr. You can also find latest gold rates by clicking on Gold Price Daily Update & Business section of pakistanwap.

Source of information about Gold price in pakistan today provided by pakistanwap is not only collected by karachi gold market but also other cities Sarafa Bazar Associations.

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Exchange Rates In Pakistan, 06 October 2021 https://pakistanwap.com/exchange-rates-in-pakistan-06-october-2021/ https://pakistanwap.com/exchange-rates-in-pakistan-06-october-2021/#respond Tue, 05 Oct 2021 21:00:00 +0000 https://pakistanwap.com/?p=17786

Exchange Rates in Pakistan-6 October 2021

Pakistanwap – Pakistan’s Leading Web Portal: Turkish Series English Urdu Subtilties | News Daily Update | New Mobile Update | Daily Gold Price Update | Update universities News | Currency Exchange Rates

Open Market Exchange rates in Pakistan

Exchange Rates In Pakistan, 06 October 2021

Exchange Rates in Pakistan – Latest currency rates in Pakistan according to the Forex Association 06 October 2021 are US Dollar: PKR 173.30, Euro: PKR 200.00, British Pound: PKR 234.50, Saudi Riyal: PKR 45.50, UAE Dirham: PKR 47.00, Australian Dollar: PKR 125.00. More buying and selling rates are given below.

CurrencyBuyingSelling
 USD172.30173.30
 SAR45.0045.50
 GBP232.00234.50
 EUR198.50200.00
 AED46.5047.00

Digital currency Update

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Exchange Rates In Pakistan, 04 October 2021 https://pakistanwap.com/exchange-rates-in-pakistan-04-october-2021/ https://pakistanwap.com/exchange-rates-in-pakistan-04-october-2021/#respond Sun, 03 Oct 2021 21:00:00 +0000 https://pakistanwap.com/?p=17625

Exchange Rates in Pakistan-4 October 2021

Pakistanwap – Pakistan’s Leading Web Portal: Turkish Series English Urdu Subtilties | News Daily Update | New Mobile Update | Daily Gold Price Update | Update universities News | Currency Exchange Rates

Open Market Exchange rates in Pakistan

Exchange Rates In Pakistan, 04 October 2021

Exchange Rates in Pakistan – Latest currency rates in Pakistan according to the Forex Association 04 October 2021 are US Dollar: PKR 173.30, Euro: PKR 200.00, British Pound: PKR 234.50, Saudi Riyal: PKR 45.50, UAE Dirham: PKR 47.00, Australian Dollar: PKR 125.00. More buying and selling rates are given below.

CurrencyBuyingSelling
 USD172.30173.30
 SAR45.0045.50
 GBP232.00234.50
 EUR198.50200.00
 AED46.5047.00

Digital currency Update

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Today Dollar rate in Pakistan 30 September 2021 https://pakistanwap.com/today-dollar-rate-in-pakistan-30-september-2021/ https://pakistanwap.com/today-dollar-rate-in-pakistan-30-september-2021/#respond Wed, 29 Sep 2021 23:53:00 +0000 https://pakistanwap.com/?p=17397 Dollar rate in Pakistan

Dollar rate in Pakistan is 169.10 ( USD to PKR )

US Dollar is the currency of United States of America, however it is considered to be a global currency, as the majority of the world trades in USD. Imports, exports and LC are dependent on US Dollars. The Dollar rate in Pakistan is always fluctuating due to the economic and political instability in Pakistan. 1 USD to PKR conversion for today is Rs. 169.10. This USD to PKR conversion is based on the open market conversion price, the bank rates and intermarket rates are different. The 1 USD to PKR buying and selling rates are different as well. Use the calculator below to convert US $ to Pakistan Rupees online, and check the best market rates available.

1 US Dollar To PKR (Pakistani Rupee)

1.00 US Dollar = 169.10

USD TO PKR STATS

Last 30 daysLAST 90 DAYS
High169.61169.61
Low155.75154.25
Average159.2345158.0222

USD TO PKR OPEN MARKET FOREX RATES HISTORY

DateBuyingSelling
25 September 2021170.60171.60
24 September 2021170.40171.40
21 September 2021169.50170.40
20 September 2021169.00170.00
19 September 2021167.90169.40
16 September 2021167.70169.20
15 September 2021169.60170.60
14 September 2021168.90169.80
10 September 2021168.00169.00
6 September 2021167.60168.60
5 September 2021167.60168.60
2 September 2021167.50168.50
28 august,2021166.00167.00
27 august,2021165.60166.60
26 august,2021165.80166.80
25 august,2021165.00166.00
24 august,2021164.90165.90
23 august,2021163.95164.95
22 august,2021163.85164.85
20 august,2021 163.80164.80
18 august,2021 163.95164.95
13 august,2021163.80164.80
12 august,2021163.60164.60

Gold Rate In Pakistan Today, 30 September 2021

Gold Rate in Pakistan today on 30 September 2021 is being sold for Rs.96800 per 10 grams, and the cost of Gold is Rs.112900 per tola in Pakistan today.

Today 24k Per tola gold price is Rs. 112900

International Gold Rates

Gold 24K Ounce$1750.20

What is Dollar to PKR Today?

Today Dollar rate in Pakistan 30 September 2021-USD to PKR
Today Open Market Currency Rates in Pakistan – PKR Exchange Rates

Dollar to PKR – The US dollar or dollar rate is always considered important in Pakistan and other countries. The US dollar is recognized worldwide as an important currency. It is the authorized currency of the United States and is widely used in trade worldwide. The US dollar impact is also significant in Pakistan as the PKR rates from the US dollar are still around 160 PKR.

The US dollar is often used in trade for international transactions; as it is the world’s leading reserve currency. The US dollar is considered inferior to other major currencies; as the International Monetary Fund adjusts its macroeconomic growth forecasts and the US trade slows down. The indication that a weak spot around the world has seized the US financial system and kept the dollar in bad wittiness.

The open market is generally associated with the free flow of trade. This means that there are no barriers or restrictions on the purchase and sale of goods between countries and countries will have an equal opportunity to demand and supply their products. On the other hand, there are no taxes or tariffs in the open market. However, the interest on trade will be determined by the government, the federal reserves. The dollar rate in Pakistan is facing an incredibly severe blow as inflation is rising in the country. These fluctuations in the currency lead to a sharp decline in the value of the currency which greatly affects the open market rates in Pakistan. In addition, the change in the dollar will have a huge impact on the buying and selling of commercial goods.

Why PKR rate is fluctuating against the USD?

USD to PKR rate always increases or decreases on demand and supply of US Dollar in Pakistan. If the inflow of USD or foreign remittances increases by abroad Pakistani, ultimately the value of PKR increases against USD and other currencies. There are other reasons includes trade surplus, when exports increase then imports bills go down and the value of the Pak Rupee determine strength.

You can now get the open market rate of USD currency conversion from PKR easily. Find PKR to USD Buy and Sell Prices directly on this Platform. Online consumers can also get a base record of the Pakistani rupee currency exchange rate of US $ 1 weekly. In Pakistan, imports and other international trade deals are taken place in US dollars, so this is a place to find interbank rates, international foreign exchange rates, and open market currency exchange rates. You can find each and every update related to the fluctuation of dollar prices here. It is one of the most authentic pages to stay updated about the USD rate in Pakistan.

Importance of the US dollar

The importance of the US dollar is also evident in Pakistan. The use of the US dollar is also very common in international transactions; as it is the world’s largest reserve currency. With the International Monetary Fund adjusting to its global economic growth forecast and the US trade deficit increases; the value of the US dollar against other major currencies fell. The indication that the global economic weakness has seized the US economy.

On this page, you can also find the open market rates of USD to PKR currency exchange; which also provides the actual selling price of PKR from USD on this platform. Online users can also get a base archive of Pakistani rupee currency exchange rates for US dollar 1 USD weekly. In Pakistan, imports in US dollars and other international trade deals. Therefore, it is good to find the direct and modern currency inter-bank rates; international exchange rates, and open market currency exchange rates. Dollar prices in Pakistan have been alarming for the past few months. Stay updated with its rise and fall by following this authentic source Pakistanwap.

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US Dollar is the currency of United States of America, however it is considered to be a global currency, as the majority of the world trades in USD. Imports, exports and LC are dependent on US Dollars. The Dollar rate in Pakistan is always fluctuating due to the economic and political instability in Pakistan. 1 USD to PKR conversion for today is Rs. 168.19. This USD to PKR conversion is based on the open market conversion price, the bank rates and intermarket rates are different. The 1 USD to PKR buying and selling rates are different as well. Use the calculator below to convert US $ to Pakistan Rupees online, and check the best market rates available.

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Today Silver Rate 30 September 2021 in Pakistan https://pakistanwap.com/today-silver-rate-30-september-2021-in-pakistan/ https://pakistanwap.com/today-silver-rate-30-september-2021-in-pakistan/#respond Wed, 29 Sep 2021 23:52:00 +0000 https://pakistanwap.com/?p=17401 Today Silver Rate
Today Silver Rate 30 September 2021 in Pakistan
Today Silver Rate

Today Silver rate in Pakistan per tola as on 30 September 2021 is PKR 1454, while today Silver rate for 10 grams is PKR 1248. Today Silver rates may be different in every city of Pakistan. Silver Rate in Pakistan – Silver is also one of the most valuable jewelery which is similarly popular in Pakistan and all over the world. So if you are looking for Silver Price in Pakistan then you can easily and easily determine it from this web portal as this page has the facility to give accurate and best Chandi rate to your visitors in Pakistan. Page updated its content daily with reference to the Silver Rate in Pakistan.

Silver is a precious metal that comes after gold. It has been widely used for various purposes such as jewelry and investment purposes. The rate of silver is lower than the rate of gold, which is why people preferred silver to gold. It is easy to break into soft and thin sheets so that it can be easily used for various purposes.

The latest Silver prices for different cities including Karachi, Lahore, Islamabad, Peshawar, Rawalpindi, Quetta, and Faisalabad are available below.

Today Silver Rate in Pakistan for 10 Gram is PKR 1248

Other Metal Rates

MetalSymbolPKR for
10 Gms
PKR for
1 Tola
PKR for
1 Ounce
 
   GoldXAU96,450112500RS 275,520
PalladiumXPD141,389164,741439,777
PlatinumXPT58,17367,780180,940
SilverXAG1,2481,4543,885

Today Silver Rate in different city of Pakistan

Location10 Grams1 Tola
PakistanRs. 1,248Rs. 1,454
KarachiRs. 1,248Rs. 1,454
LahoreRs. 1,248Rs. 1,454
IslamabadRs. 1,248Rs. 1,454
RawalpindiRs. 1,248Rs. 1,454
PeshawarRs. 1,248Rs. 1,454
QuettaRs. 1,248Rs. 1,454

Today Silver Rate in Pakistan

Another precious metal besides gold is silver. Though the importance of silver is nowhere near gold but still, given on the basis of its wide range of uses, the importance of silver cannot be given a blind eye to. The price difference between gold and silver is massive which is one of the reasons why many average income people prefer buying or investing in silver. Other than that, some people just find silver more appealing or eye catching in comparison to gold. With changing fashion trends in recent times, silver jewelry became sort of a wedding fashion statement in Pakistan that caused an immense rise in the purchase of silver jewelry.

One might think that silver is just available in the form of jewelry that one can purchase or sell but no, you are not just restricted to have possession of silver in the form of jewelry, there are other forms of silver investment as well. Silver is available in the form of bars, coins and bullions that one can purchase from the perspective of an investment from the most famous commodities market located in United States, Japan, Europe and London. You can also purchase or sell silver in your local market but you might or might not get the best deals on your investment.

Today Silver Rates in Pakistan

Today Silver Rate in Pakistan. These Prices are Live prices, provided by the local Gold and Silver markets. Price of silver worldwide is determined by London Bullion Market Association, larger banks and bullion traders. Some other factors also have an impact of prices like its supply and availability in the market. If the supply of silver is short in the international market, Pakistani traders have to purchase it on high rates due to which it costs more to buyers and investors in Pakistan as well.

Our currency has been pretty weak in comparison to the currency of countries that mainly trade silver like United States, Europe, London etc. It is one of the major that Pakistani buyers could not enjoy minimal prices of silver as compared to buyers of other countries.

Before 2009, the price of silver was stable below 1,000 PKR per ounce but due to the constant political and economic instability and increasing currency exchange and interest rates, the price of silver in Pakistan has kept on increasing since then. The price of silver crossed 4,000 PKR per ounce in mid 2011 but fortunately it has been decreasing since then. The price of silver is also correlated to price of gold in the market.

Both have a directly proportional relationship where increase in one’s price causes increase in another’s price as well. Though it seems impossible that prices of silver would drop drastically in future, it is highly advised that one who wishes to invest in silver, purchases it at the right time when global silver rates are stable.

Factors Determining Silver Rates in Pakistan

Below are few of the reasons that have an impact of changing silver prices in Pakistan;

  • The supply and demand of silver in Pakistani market, largely impacts its price. Since supply is considerably less than international markets, traders charge a lot more than the actual worth.
  • Silver had a massive use in photography in the past but as newer techniques in photography have led to decrease in use of silver, its demand in the respective sector has lessened contributing to less supply in Pakistan.
  • Since the economic growth of Pakistan has not been much satisfactory, per capita income has decreased. There are lesser people who can afford silver which directly causes prices to go up.
  • Price of silver is somehow tied to price of gold. As price of gold goes up the price of silver follows.
  • Interest rates imposed by central bank have an impact on the price of silver. Greater interest rates make silver unobtainable.

Silver is still a form of an investment no matter how high or low its worth gets. If you have a plan of investing in silver then think of the security it will provide you. You just have to pick up the best deals or bargains whenever available. Other than that, price of purchased silver will notably keep on increasing.

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