Silver Rate in Pakistan Today 2026 | Chandi Rate per Tola, Gram & KG (Daily Update)
[silver_rate_pk]
Today’s Silver Rate in Pakistan (Chandi Rate) — March 27, 2026
| Unit | Rate (PKR) |
|---|---|
| Per Tola (11.66g) | PKR 7,484 |
| Per Gram | PKR 641 |
| Per 10 Grams | PKR 6,416 |
| Per Kilogram | PKR 6,41,000 |
Rates sourced from Business Recorder & Sarafa market data. Verify with local dealers before transactions
Introduction
Whether you are a jewellery buyer in Lahore’s Anarkali Bazaar, an investor monitoring the Karachi Sarafa market, or a household shopper wondering whether today is the right day to buy chandi, knowing the silver rate in Pakistan is essential. Silver — called chandi (چاندی) in Urdu — is one of Pakistan’s most traded precious metals, with millions of rupees changing hands every single day across the country’s sarafa markets.
This comprehensive guide gives you everything you need: today’s live chandi rate per tola, per gram, and per kilogram; a city-by-city breakdown; the real reasons behind daily price changes; a historical price trend; and an actionable investment guide. Bookmark this page and check back daily for the latest silver prices in Pakistan.
1. What Is the Silver Rate in Pakistan?
The silver rate in Pakistan refers to the current market price at which pure silver (chandi) is bought and sold in the domestic bullion market, expressed in Pakistani Rupees (PKR). This price is primarily determined by the Karachi Sarafa Bazaar — Pakistan’s most influential bullion exchange — and is then mirrored across Lahore, Islamabad, Rawalpindi, Peshawar, Faisalabad, Multan, Quetta, and every other major city in the country.
The chandi rate in Pakistan is closely linked to the international silver spot price, which is quoted in US dollars per troy ounce on global commodity exchanges such as the COMEX in New York and the LBMA in London. When you convert this international price to Pakistani Rupees using the prevailing USD/PKR exchange rate, you arrive at what Pakistani dealers call the “base sarafa rate.” Jewellers, bullion dealers, and investors then add their own premiums on top of this base.
Key Takeaway: Pakistan does not have a domestic silver mine of commercial significance, which means the chandi rate in Pakistan is entirely import-driven. Every fluctuation in the global silver market — from New York to Shanghai — is eventually reflected in the prices displayed at your local Sarafa dealer.
The price quoted at any given Sarafa market includes the international price, currency conversion, import duty, local taxes, dealer margin, and transport costs. This is why the chandi ki qeemat in Pakistan may look different from the raw USD-to-PKR conversion you might calculate on your phone.
2. Silver Measurement Units: Tola, Gram & KG Explained
One of the most common sources of confusion for new silver buyers in Pakistan is the wide variety of measurement units used to quote silver prices. Unlike Western markets that rely almost exclusively on troy ounces, Pakistan’s silver market uses a hybrid system combining traditional South Asian units with modern metric measures.
Standard Silver Measurement Units in Pakistan:
| Unit | Equivalent | Common Usage |
|---|---|---|
| 1 Tola | 11.66 grams | Most common in Sarafa markets |
| 10 Grams | 0.857 Tola | Retail jewellery and small purchases |
| 1 Troy Ounce | 31.10 grams | International spot price standard |
| 1 Kilogram | 85.73 Tola | Wholesale and industrial transactions |
Tola is by far the most widely used unit for silver in Pakistan. It is deeply embedded in the culture and has been used in the subcontinent for centuries. If you walk into any Sarafa Bazaar in Lahore, Karachi, or Islamabad, every price will be quoted in tola first. Grams are typically used by retail jewellers and for smaller quantities. The kilogram is used in wholesale and industrial purchasing. International investors and exporters deal in troy ounces.
For everyday Pakistani buyers, the rule of thumb is simple: always verify the tola rate before any purchase. Multiply the gram rate by 11.66 to cross-check whether the tola price you are being quoted is accurate. Any significant discrepancy from the published sarafa rate is a red flag.
3. City-Wise Chandi Rate in Pakistan Today (March 27, 2026)
Silver rates can vary slightly from city to city in Pakistan. These differences arise from local demand conditions, transport and logistics costs, dealer premiums, and how quickly each city’s sarafa market incorporates the latest international price changes. Karachi, as the financial capital, typically reflects changes fastest and sets the national benchmark.
| City | Rate Per Tola (PKR) | Rate Per 10g (PKR) | Rate Per Gram (PKR) | Market Status |
|---|---|---|---|---|
| Karachi | 7,484 – 7,824 | 6,416 – 6,514 | 641 – 651 | National Benchmark |
| Lahore | 7,830 – 7,840 | 6,530 – 6,540 | 653 – 654 | High Jewellery Demand |
| Islamabad | 7,830 – 7,850 | 6,530 – 6,545 | 653 – 654 | Slightly Higher Margins |
| Rawalpindi | 7,835 – 7,850 | 6,535 – 6,545 | 653 – 654 | Mirrors Islamabad |
| Faisalabad | 7,825 – 7,840 | 6,520 – 6,535 | 652 – 654 | Industrial + Retail |
| Multan | 7,820 – 7,835 | 6,515 – 6,530 | 651 – 653 | Active Market |
| Peshawar | 7,820 – 7,840 | 6,520 – 6,535 | 652 – 654 | Traditional Demand |
| Quetta | 7,815 – 7,835 | 6,510 – 6,530 | 651 – 653 | Cross-border Influence |
| Hyderabad | 7,820 – 7,835 | 6,515 – 6,530 | 651 – 653 | Follows Karachi |
| Sialkot | 7,825 – 7,840 | 6,520 – 6,535 | 652 – 653 | Export-Linked Market |
Rates compiled from Business Recorder, forex.pk, and Sarafa market data as of March 26–27, 2026. Verify live rates before any transaction.
As you can see, the differences between cities are small — usually no more than PKR 20–30 per tola. Karachi’s Sarafa market sets the national baseline, and all other cities follow within hours. Lahore shows slightly higher prices due to strong local demand from its thriving jewellery and wedding sector. Islamabad tends to carry marginally higher retail margins as a capital city with higher operating costs.
4. Why Does the Silver Rate Change Every Day in Pakistan?
Many Pakistanis are surprised to find that the chandi rate today can be very different from yesterday’s price. Silver is a globally traded commodity, and its price responds to dozens of economic, geopolitical, and industrial signals simultaneously. Here are the primary forces that drive daily fluctuations in Pakistan’s silver market:
1. International Silver Spot Price The most powerful driver. Pakistan’s entire chandi market is pegged to the global spot price quoted in USD/troy ounce on COMEX. When international silver moves up or down, Pakistani prices follow within the same trading day.
2. USD/PKR Exchange Rate Since silver is priced globally in US dollars, a weakening Pakistani Rupee automatically raises local chandi prices even if the international dollar price stays flat. This “currency effect” is a major amplifier of price changes in Pakistan.
3. Gold-Silver Correlation Silver and gold prices are strongly correlated in Pakistan. When gold rallies, silver almost always follows. The gold-silver ratio — the number of silver ounces needed to buy one ounce of gold — is closely watched by Pakistani sarafa traders.
4. Industrial Demand Unlike gold, over 50% of global silver demand comes from industry — solar panels, electric vehicles, electronics. Rising manufacturing activity globally drives silver prices higher, which Pakistani markets absorb immediately.
5. Government Policy & Taxes Import duties, GST, and State Bank of Pakistan regulations on bullion imports directly affect the final price paid by Pakistani buyers. Policy changes can create sudden jumps or dips in local rates.
6. Local Wedding & Festival Season Pakistan’s wedding and Eid seasons drive a seasonal spike in silver jewellery demand. During peak wedding months (typically October–December and February–April), local demand premiums can push chandi rates slightly higher.
Silver is not just a precious metal in Pakistan — it is a cultural asset. From wedding jewellery in Lahore’s Anarkali Bazaar to investment coins purchased in Karachi’s Sarafa market, chandi represents both tradition and financial security for millions of Pakistani families.
5. Historical Silver Rate Trend in Pakistan (2020–2026)
To make informed buying or selling decisions, understanding the long-term trajectory of the chandi rate in Pakistan is invaluable. Silver prices in Pakistan have experienced dramatic swings over the past six years, reflecting global economic upheavals, the COVID-19 pandemic, inflation, and currency pressures.
2020 — COVID Silver Surge The global pandemic triggered a flight to safety. International silver prices spiked sharply in mid-2020, pushing Pakistan’s tola rate to historic highs at the time. Local buyers who had purchased silver in early 2020 saw significant gains within months.
2021 — Reddit-Driven Volatility The r/WallStreetBets “Silver Squeeze” attempted in early 2021 caused temporary global price spikes. Pakistani sarafa markets saw brief surges, though prices quickly corrected as the squeeze failed to materialize at scale.
2022 — Rate Pressure from Strong Dollar The US Federal Reserve’s aggressive interest rate hikes strengthened the dollar globally, pressuring silver prices. However, the concurrent PKR depreciation in Pakistan partially cushioned the local impact, keeping rupee-denominated chandi rates elevated.
2023 — PKR Crisis Amplifies Local Prices Pakistan’s currency crisis in 2023 saw the PKR lose significant value against the dollar. Even when global silver prices were moderate, Pakistani buyers faced substantially higher local chandi rates purely due to the rupee’s weakness.
2024 — Green Energy Demand Boost Global expansion of solar panel manufacturing — a major consumer of silver — began pushing industrial silver demand higher. Pakistan’s solar sector growth also contributed to local demand awareness for silver as an industrial material.
2025 — Bull Market Continuation Silver entered a strong bull market phase globally, driven by a combination of investment demand, industrial consumption, and safe-haven buying amid geopolitical tensions. Pakistan’s sarafa markets reflected the trend with chandi rates reaching multi-year highs by late 2025.
2026 — Continued Volatility (Current) As of March 2026, silver prices in Pakistan reflect the current international environment of volatile precious metals. After touching PKR 11,500+ per tola in early March 2026 (tracking an international silver rally), prices have moderated to around PKR 7,484–7,824 per tola, demonstrating silver’s characteristically wide price swings.
The core lesson from this historical review is that silver prices in Pakistan are volatile in the short term but have shown a strong upward bias over the long term, driven by PKR depreciation, global industrial demand growth, and silver’s role as an inflation hedge.
6. Gold vs Silver: Which Is Better to Buy in Pakistan?
This is among the most frequently asked questions at any Sarafa Bazaar in Pakistan. The honest answer is that gold and silver serve different purposes and suit different investor profiles. Here is a detailed comparison:
| Factor | Gold (Sona) | Silver (Chandi) |
|---|---|---|
| Current Per Tola Rate (Mar 2026) | ~PKR 4,68,262 | ~PKR 7,484 |
| Affordability for Small Investors | High entry barrier | Much more accessible |
| Volatility | Moderate | Higher (more price swings) |
| Liquidity | Very High | High (but slightly less than gold) |
| Industrial Demand Support | Low (mostly jewellery & investment) | Strong (solar, EVs, electronics) |
| Cultural / Wedding Use | Primary metal for weddings | Also widely used |
| Long-term Return Potential | Stable appreciation | Higher upside but more risk |
| Storage Requirements | Dense — less space per PKR value | Bulkier per PKR value |
For small and medium investors in Pakistan, silver (chandi) offers a compelling entry point. The ability to buy even a single tola for under PKR 8,000 means that virtually any income earner can participate in precious metals investment. Silver’s strong industrial demand — particularly from the growing global solar panel and electric vehicle sectors — provides a structural floor for prices that gold, as a primarily monetary metal, does not have.
For wealth preservation and traditional investment, gold remains the undisputed king in Pakistan. Gold jewellery is deeply embedded in the wedding and dowry culture, and gold’s higher per-tola value means you can store significant wealth in a compact form.
A prudent Pakistani precious metals portfolio might include both — gold for stability and cultural utility, silver for growth potential and industrial demand exposure.
7. How to Invest in Silver in Pakistan
Investing in silver (chandi) in Pakistan is more straightforward than many people assume. There are several well-established channels through which you can participate in the silver market:
7.1 Physical Silver Bullion Buying physical silver bars, coins, or pellets directly from Sarafa dealers is the most common investment method in Pakistan. Look for hallmarked and purity-stamped silver — 999 fine silver (99.9% pure) is the investment standard. Reputable Sarafa markets in Karachi, Lahore, and Islamabad offer certified silver bars in various weights. Always ask for a receipt and verify the weight on a certified scale before completing any transaction.
7.2 Silver Jewellery Purchasing silver jewellery is a dual-purpose investment — you get both the utility of jewellery and the underlying metal value. However, be aware that jewellery carries a significant making charge (usually 15–25% above the raw silver rate), which means you need prices to rise substantially before you are in profit on a pure investment basis.
7.3 Silver Coins Silver coins — both international bullion coins (such as the American Silver Eagle or Canadian Maple Leaf) and locally minted commemorative pieces — are available from select dealers in major Pakistani cities. Coins carry a higher premium over spot price than bars but are easy to authenticate and resell.
7.4 Commodity Market / Futures (PMEX) The Pakistan Mercantile Exchange (PMEX) offers silver futures contracts, allowing sophisticated investors to take leveraged positions on silver price movements without physically owning the metal. This is suitable for experienced traders who understand the risks of leverage and commodity trading.
7.5 Gold and Silver Savings Accounts Some Pakistani banks offer commodity-linked savings products. While not universally available across all banks, these products allow you to hold silver as a financial asset in account form, removing the need to physically store bullion.
Important Investment Disclaimer: Silver is a volatile asset. Prices can rise or fall dramatically in short periods, as seen in the PKR 11,500+ per tola levels of early March 2026 versus the current PKR 7,484 level — a difference of over 30% in three weeks. Never invest money in silver that you cannot afford to lose or hold for an extended period. Consult a qualified financial advisor before making significant investment decisions.
8. The Role of the Sarafa Bazaar in Setting Chandi Rates in Pakistan
The Sarafa Bazaar (Sarafa meaning goldsmith or bullion dealer in Urdu) is the institutional heart of Pakistan’s precious metals trade. Every major city has a Sarafa market, but Karachi’s is the most influential, followed closely by Lahore’s.
The Karachi Sarafa Association and similar bodies in other cities serve as the primary price-setting mechanisms for domestic bullion. They monitor international precious metals prices, apply the current USD/PKR exchange rate, factor in import duties and taxes, and announce official daily opening and closing rates. These rates are then widely published in newspapers, on websites like forex.pk, hamariweb.com, and Business Recorder, and broadcasted through television news channels.
Sarafa dealers operate through a combination of physical storefronts and a tightly networked informal market where large quantities of silver change hands through verbal agreements backed by long-standing business relationships. The trust built over decades in these communities is the foundation of Pakistan’s bullion market.
For buyers, the key advantage of Sarafa markets is price transparency and competition. Because multiple dealers operate in close proximity, you can compare prices easily and negotiate. For sellers, Sarafa markets offer immediate liquidity — you can convert your silver holdings back to cash in minutes.
9. Silver’s Industrial Demand & Its Impact on Pakistani Chandi Prices
One of the most important and often overlooked aspects of silver as an investment is its massive industrial demand base. Unlike gold, which derives most of its value from jewellery and investment, over half of all silver consumed globally each year goes into industrial applications. This industrial demand creates a structural price floor that makes silver fundamentally different from gold.
The most significant industrial uses of silver include:
Solar Panels: Silver paste is used in the electrical contacts of photovoltaic solar cells. As the global solar energy boom continues — with countries racing to meet renewable energy targets — demand for silver in solar manufacturing is growing rapidly. This trend directly supports global silver prices.
Electric Vehicles (EVs): Each electric vehicle contains significantly more silver than a conventional petrol car, due to its use in electrical contacts, battery management systems, and control electronics. The global EV revolution represents a multi-decade structural demand driver for silver.
Consumer Electronics: Smartphones, laptops, tablets, and virtually every modern electronic device contains trace amounts of silver in circuit boards, connectors, and contacts. With billions of devices manufactured annually, this represents enormous aggregate demand.
Medical & Healthcare: Silver’s powerful antimicrobial properties make it valuable in wound dressings, medical devices, and hospital equipment coatings. Medical silver demand has grown since the COVID-19 pandemic highlighted the value of antimicrobial materials.
Water Purification: Silver is used in water filters and purification systems globally, adding another layer of sustainable demand.
For Pakistani investors, this industrial demand story matters because it means that even if investment sentiment turns negative for precious metals, silver retains demand from the manufacturing sector, providing a partial cushion against price collapses. As Pakistan’s own manufacturing and renewable energy sectors expand, domestic industrial demand for silver is also expected to grow in the coming years.
10. Tips for Buying Silver in Pakistan — Chandi Kharidne Ke Zaruri Mashware
Whether you are buying silver for jewellery, as a gift, or as a financial investment, these practical tips will help you get the best value and avoid common pitfalls:
- Always Check Today’s Sarafa Rate First: Before visiting any dealer, look up the current chandi rate on trusted platforms like Business Recorder, forex.pk, or hamariweb.com. This gives you a negotiating baseline and protects you from being overcharged.
- Verify Purity with Hallmarking: Investment-grade silver should be stamped with its purity — look for 999, 925 (sterling silver), or other recognised hallmarks. Never buy silver without a purity stamp for investment purposes.
- Weigh Before You Buy: Reputable Sarafa dealers will always weigh silver in front of you on a certified scale. If a dealer refuses to weigh the item or uses an uncalibrated scale, walk away.
- Understand Making Charges for Jewellery: The “making charge” on silver jewellery can be 15–25% above the raw silver rate. If you are buying for investment, prefer silver bars or coins over jewellery to minimise this premium.
- Buy from Established Dealers: Stick to well-known Sarafa dealers with physical presence in established markets like Karachi’s Sarafa Bazaar, Lahore’s Anarkali Bazaar, or Islamabad’s Melody Market.
- Keep Your Receipts: Always obtain a detailed receipt showing the weight, purity, rate per gram/tola, and total price paid. This is essential for resale and tax purposes.
- Avoid Buying During Panic Peaks: Silver prices often spike during periods of economic panic or media frenzy. Buying during these peaks often means buying at temporarily inflated prices. Patience pays in precious metals investing.
- Consider Storage Costs: Physical silver requires secure storage. For large quantities, consider a bank safe deposit box. Factor storage costs into your overall return calculation.
- Dollar-Cost Average: Instead of investing a large lump sum at once, consider buying a fixed value of silver every month regardless of price. This strategy — called dollar-cost averaging — smooths out the impact of price volatility over time.
11. Frequently Asked Questions About Silver Rate in Pakistan
Q. What is the silver rate per tola in Pakistan today? As of March 27, 2026, the silver rate per tola in Pakistan is approximately PKR 7,484 to PKR 7,824 depending on the city and specific Sarafa market. Karachi rates from Business Recorder show PKR 7,484 per tola as the official Sarafa rate, while some retail markets quote slightly higher at around PKR 7,824.
Q. What is the chandi rate per gram in Pakistan? The chandi rate per gram in Pakistan today is approximately PKR 641 to PKR 653. The exact figure varies slightly by city and dealer. Karachi’s Sarafa benchmark currently points to approximately PKR 641 per gram for fine silver.
Q. Why is silver called chandi in Pakistan? “Chandi” (چاندی) is the Urdu and Hindi word for silver, derived from Sanskrit. It has been the common name for silver across the Indian subcontinent for millennia. The term is universally understood across all of Pakistan’s languages and communities.
Q. Where can I check the live silver rate in Pakistan? Trusted sources for live silver prices in Pakistan include Business Recorder (brecorder.com), forex.pk, hamariweb.com/finance/silver_rate, gold.pk, and forextrading.pk. For international price context, silverprice.org and goldbroker.com show PKR-denominated charts.
Q. What is 1 tola silver in grams? 1 tola is equal to 11.6638 grams (commonly rounded to 11.66g). This is the traditional South Asian unit used across Pakistan’s sarafa markets for quoting silver and gold prices.
Q. Is silver a good investment in Pakistan in 2026? Silver can be a good portfolio diversifier in Pakistan, offering protection against PKR depreciation and inflation. Its industrial demand from solar, EVs, and electronics provides structural price support. However, silver is highly volatile — prices in Pakistan swung from over PKR 11,500 per tola to around PKR 7,484 within weeks in March 2026. It is best suited for long-term investors who can hold through price cycles, not for short-term speculation.
Q. How often does the chandi rate change in Pakistan? The chandi rate in Pakistan changes every business day, and sometimes multiple times within a single day in response to international market movements. Major Sarafa associations announce official opening rates every morning. Significant global events — such as US Federal Reserve decisions or geopolitical developments — can trigger intraday revisions.
Q. What is the difference between 24K, 22K, and 21K silver? In Pakistan, 24K silver refers to 99.9% pure fine silver (also known as 999 silver), which is the investment standard. 22K silver (92.5% pure, also called sterling silver) is used for jewellery. 21K silver is an even lower purity used for certain decorative items. Investment purchases should always target 24K/999 fine silver for maximum metal content per rupee spent.
Q. What is the silver price per kilogram in Pakistan? Based on current rates, the silver price per kilogram in Pakistan is approximately PKR 6,41,000 to PKR 6,53,000. This is calculated by multiplying the per-gram rate (PKR 641–653) by 1,000.
Q. Does the silver rate in Karachi differ from Lahore? Yes, but the difference is typically small — usually PKR 20–50 per tola. Karachi sets the national benchmark as Pakistan’s financial hub. Lahore may be slightly higher due to strong jewellery demand, and Islamabad sometimes carries marginally higher retail margins. All cities ultimately converge toward the same international price base.
12. Conclusion: Stay Informed, Buy Smart
The silver rate in Pakistan is more than just a number on a screen — it reflects the health of global economies, the strength of the Pakistani Rupee, the pace of industrial transformation, and the timeless human desire to preserve wealth in tangible assets. Understanding the chandi rate — whether quoted per tola, per gram, or per kilogram — empowers you to make smarter decisions whether you are buying jewellery for a wedding, investing for the future, or simply trying to understand the economic forces shaping Pakistan today.
As of March 27, 2026, the silver rate in Pakistan stands at approximately PKR 7,484 per tola at the Karachi Sarafa market, with retail markets in Lahore and Islamabad quoting around PKR 7,830–7,850 per tola. Monitor this daily, cross-check with multiple sources, and always buy from established, trustworthy Sarafa dealers.
Bookmark this page and check back tomorrow for updated live silver rates across all Pakistani cities.
Data sourced from Business Recorder, forex.pk, and Karachi Sarafa market reports. This article is for informational purposes only and does not constitute financial advice. Last updated: March 27, 2026.
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Engineer Nazim is the CEO and author at Khita.com.pk, combining an engineering background with a passion for writing to deliver practical, insightful, and well-researched content. He leads the platform with a mission to inform, educate, and empower readers across Pakistan and beyond.
