Silver prices in Pakistan continue to fluctuate as the bullion market reacts to international trends and currency movements. The latest update for March 15, 2026 shows changes in the local Sarafa markets, with silver remaining an important commodity for both investors and jewelry buyers.
According to the latest market data, the silver price in Pakistan today is around Rs11,102 per tola, while 10 grams of silver are trading near Rs9,516 in local markets. The silver price per gram is approximately Rs, 951.6.
These rates are collected from major Sarafa markets across Pakistan including Karachi, Lahore, Islamabad, and Multan.
Silver Price Today in Pakistan (March 15, 2026)
Here are the latest silver rates reported in the local bullion market.
- Silver price per tola: Rs11,102
- Silver price per 10 grams: Rs9,516
- Silver price per gram: Rs951.6
Prices may vary slightly depending on the city and the dealer’s premium.
Recent Trend in the Silver Market
From what I have seen in recent market updates, silver prices have been moving frequently in Pakistan over the past few weeks. In some sessions, the metal even crossed Rs11,000 per tola, showing strong demand in the bullion market.
The price movements are mainly influenced by:
- International silver prices
- Changes in the US dollar exchange rate
- Local demand in jewelry and investment markets
When global bullion markets rise, local prices in Pakistan usually follow the same direction.
Why Silver Prices Change in Pakistan
Silver prices in Pakistan are not fixed. They are linked directly to global bullion markets and the Pakistani rupee.
Several factors affect daily silver prices including:
International market rates
Silver is traded globally in US dollars. Any rise or fall in international prices impacts the local market.
Dollar to rupee exchange rate
When the rupee weakens against the US dollar, silver and gold prices usually increase locally.
Bullion market demand
Demand from jewelers, investors, and industrial sectors also plays an important role in price fluctuations.
In my opinion, silver continues to attract investors because it is considered a more affordable alternative to gold while still offering long-term value.
Silver Rates in Major Pakistani Cities
Silver prices usually remain the same across major cities because they are based on national bullion market benchmarks.
Current rates reported in major cities include:
- Karachi
- Lahore
- Islamabad
- Multan
- Hyderabad
All these markets follow nearly identical pricing set by the Sarafa Association.
Is Silver a Good Investment in 2026
Silver is often called the “poor man’s gold” because it is much cheaper than gold but still holds investment value.
Many investors buy silver for:
- Long-term wealth protection
- Jewelry manufacturing
- Industrial usage in electronics and technology
According to recent market trends, silver demand is rising globally because it is used in solar panels, electronics, and green energy technologies.
This growing industrial demand could support prices in the long run.
Frequently Asked Questions
What is the silver price 15 march 2026 in Pakistan today?
The latest silver price in Pakistan is about Rs11,102 per tola and Rs9,516 per 10 grams.
What is price of 1 gram silver in Pakistan?
The current silver price is approximately Rs951.6 per gram.
Why do silver prices change daily?
Silver prices change because of international bullion market trends, currency exchange rates, and local demand.
Is silver cheaper than gold in Pakistan?
Yes. Silver is significantly cheaper than gold and is often chosen by buyers looking for a more affordable precious metal.
Who determines silver prices in Pakistan?
Prices are usually based on international bullion market rates and updates from local Sarafa markets.
