Silver Price in Pakistan 2023 – Today Chandi Rate in Pakistan

What is the Chandi Rate in Pakistan? The Chandi Rate is a system of currency valuation that originated in ancient Pakistan. It is based on the value of silver and was used to determine the worth of goods and services. While it is no longer used in Pakistan, the Chandi Rate remains an important part of Pakistani culture and economy. 

The exact origin of the Chandi Rate is unknown, but it is thought to have developed in ancient Pakistan as a way to measure the value of goods and services. The rate was based on the value of silver, which was known as Chandi in Urdu. As time passed, other countries began to adopt this system of currency valuation. 

Silver is a valuable resource that is found all over the world. Here in Pakistan, the silver rate changes on a daily basis, so it’s important to stay up-to-date on the latest rates. Whether you’re looking to buy or sell silver, it’s important to know what the going rate is. In this blog post, we’ll be discussing the latest silver rate in Pakistan and what you can expect to pay for this precious metal. Stay tuned for more!

Chandi Rate in Pakistan

Pakistan is rich in natural resources, including coal, iron ore, copper, and salt. The country also has a large agricultural sector, with crops such as wheat, rice, cotton, and sugarcane being major exports. Manufacturing is another important part of the Pakistani economy, with textiles being a particularly important industry. The current exchange rate for the Pakistani rupee is about Rs 200 to 1 US dollar. The price of gold in Pakistan is also quite high, at about Rs 85,000 per 10 grams. Chandi rate Rs. 1485 per 10 grams.

Silver Rates in Pakistan: Silver is a precious metal that has been used for currency, jewelry, and other decorative items for centuries. In this blog post, we’ll take a look at silver rates in Pakistan and how they have changed over time.

Silver Rate in Pakistan 2023

The silver rate in Pakistan is intimately linked to global silver prices, which have been on a tear in recent months. After hitting a low of around $15 per ounce in 2023, silver prices have more than quadrupled to trade above $70 per ounce currently. This sharp increase in silver prices has led to a corresponding increase in the price of silver in Pakistan.

While the current silver rate in Pakistan is very high, it is still below the all-time high of Rs. 105 per gram that was seen back in 2011. The Current Price is Rs.1485 per gram. That said, with global silver prices continuing to surge higher, it is quite possible that the silver rate in Pakistan will also hit new all-time highs in the coming months. investors looking to profit from this trend could consider buying Silver ETFs that track global silver prices.

Sliver Price 10 Gram & 1 Tola in Pakistan

Silver Chandi Prices In Cities Of Pakistan

Silver prices in Pakistan’s major cities have seen a slight uptick in recent months, following a sharp decline in early 2023. However, prices remain far below the peak reached in 2023.

Karachi is Pakistan’s largest city, and its silver market is the country’s most important. Prices there have risen from around PK 1752 per (10 grams) in 2023 to around PKR 2044 per tola in recent months.

Lahore is Pakistan’s second-largest city, and its silver market is the second most important in the country. Prices there have followed a similar trend to those in Karachi, rising from around PKR 1732 per tola in 2023 to around PKR 1754 per tola in recent months.

Islamabad is Pakistan’s third-largest city, and its silver market is the third most important in the country. Prices there have also seen a slight uptick in recent months, rising from around PKR 2050 per tola in 2023 to around PKR 1740 per tola in recent months.

Chandi Rate List All Cities in Pakistan

Silver Rates in Pakistan Cities 2023 Karachi, Lahore, Islamabad, Rawalpindi, Peshawar, Quetta, Faisalabad. Silver is a valuable resource that has been used for currency and jewelry for centuries. It is still popular today for both purposes. Here we will discuss silver rates in different Pakistani cities as of 2023.

1) The main factor affecting silver prices in Pakistan is the supply and demand of the metal. Since silver is not mined extensively in Pakistan, the supply is considerably lower than in international markets. This results in traders charging much more than the actual worth of silver.

2) Another factor that contributes to high silver prices in Pakistan is the decreased demand for the metal in certain sectors. In the past, silver was extensively used in photography but as newer techniques have been developed, the need for silver has decreased. 

3) Another reason why silver prices are high in Pakistan is due to the country’s economic situation. The growth of Pakistan’s economy has not been very satisfactory in recent years and this has resulted in a decrease in per capita income. There are fewer people who can afford silver, which directly affects prices.

4) Lastly, Pakistan’s currency is also a factor that contributes to high silver prices. The Pakistani rupee has not been performing well against major currencies and this has made silver more expensive for Pakistani buyers.

The silver rate in Pakistan is determined by the international commodities market. The price of silver is volatile and may fluctuate on a daily basis. However, investors can use this information to their advantage by buying when the prices are low and selling when the prices are high.