Silver Price in Pakistan Today: January 29, 2026
The silver price in Pakistan today has reached an all-time high, mirroring an aggressive rally in the global bullion market. As of January 29, 2026, the local market witnessed a significant surge, with rates climbing by Rs. 264 per tola. This upward momentum follows a historic period of volatility where silver has increasingly become a preferred safe-haven asset for local investors.
Current Silver Rates in Pakistan
According to the latest data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the silver price per tola in Pakistan currently stands at Rs. 12,175. For those tracking smaller units, the price for 10 grams of silver is approximately Rs. 10,438. These record-breaking figures are driven by international spot silver prices nearing the $120 per ounce mark.
Why Silver Prices Are Rising
The sharp increase in the 999 pure silver rate Pakistan is primarily due to global economic uncertainty and a weakening US dollar. Additionally, supply chain constraints and rising industrial demand for silver in green technologies have pushed prices higher. Locally, the demand for silver investment 2026 has spiked as citizens look for stable alternatives to cash.
Pakistan Currency Exchange Rates
Investment and Industrial Demand
While silver is traditionally used in jewelry, its role as an industrial metal is expanding in Pakistan. The current silver bar price Pakistan reflects this dual demand. Investors are increasingly buying silver bars and coins to diversify their portfolios against inflation. Sarafa markets in Karachi, Lahore, and Islamabad report a higher trading volume this week than in previous months.
Tips for Precious Metal Investors
Key Factors Affecting Daily Rates
Several elements impact the daily silver rate:
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International Spot Prices: Global rallies directly push local rates upward.
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Currency Fluctuations: The PKR value against the USD remains a critical factor.
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Local Supply: Seasonal demand, particularly during wedding seasons, adds further variation.
