Silver prices in Pakistan remained unchanged on Sunday, January 18, 2026, as trading activities stayed suspended across local Sarafa bazaars due to the weekly market closure. As is customary on Sundays, the latest available rates from Saturday evening are being followed nationwide for all transactions.
Despite the lack of fresh trading, silver prices continue to hover near historic highs, reflecting strong international bullion trends and sustained domestic demand. Investors and buyers are closely watching the market after a volatile week that saw silver touch record levels before a mild correction. This article brings you today’s silver rates, recent market trends, and city wise prices, so you can make informed decisions.
Today’s Silver Rates in Pakistan
According to the latest available market data, silver prices stand as follows:
| Weight | Today’s Price (PKR) | Yesterday’s Price (PKR) | Change |
| Silver per Tola (24K) | Rs. 9,425 | Rs. 9,575 | ▼ Rs. 150 |
| Silver per 10 Grams | Rs. 8,080 | Rs. 8,209 | ▼ Rs. 129 |
| Silver per Gram | Rs. 808 | Rs. 821 | ▼ Rs. 13 |
These rates reflect a slight decline compared to Saturday, following a broader cooling trend in global metal markets.
Recent Silver Market Trend
Earlier this week, silver prices in Pakistan surged to a historic peak above Rs. 9,500 per tola, driven by a sharp rally in international bullion prices. However, after reaching record levels, the market experienced a modest correction, resulting in today’s lower but still elevated prices.
WhatsApp ChannelMarket experts note that such pullbacks are common after rapid price spikes and do not necessarily indicate a long term reversal.
International Silver Market Update
In the global bullion market, silver is currently trading in the range of $89.50 to $90.12 per ounce. Prices eased slightly after touching an all time high above $93 per ounce earlier in the week.
This international slowdown has directly influenced domestic silver rates, as Pakistan’s bullion prices are closely linked with global trends and the rupee dollar exchange rate.
Why Silver Prices Are Still High in Pakistan
Several factors continue to support elevated silver prices locally:
- Strong global demand for precious metals
- Silver’s growing role as a safe haven investment alongside gold
- Rising interest from small investors seeking affordable alternatives to gold
- Currency pressures affecting import based commodities
Even after the recent dip, silver remains significantly more expensive compared to last month.
City Wise Silver Prices in Pakistan
While the official silver rate is announced centrally, slight variations may be observed across cities due to transportation and dealer margins.
Estimated silver prices per tola today:
- Karachi and Lahore: Rs. 9,425
- Islamabad and Rawalpindi: Rs. 9,450
- Peshawar and Quetta: Rs. 9,440
Buyers are advised to confirm final rates with local jewelers before purchasing.
Important Tip for Silver Buyers
If you are purchasing silver jewelry, keep in mind that making charges are added on top of the raw silver price. These charges vary widely depending on design, craftsmanship, and the jeweler, and can significantly increase the final cost.
Market Outlook
With global economic uncertainty and strong investor interest in precious metals, analysts believe silver prices may remain volatile in the coming days. Any major movement in international bullion markets or currency rates could quickly reflect in Pakistan’s local prices.
For now, Sunday’s rates offer a pause in volatility, giving buyers and investors time to assess the market.
