Gold isn't the only metal shining bright. Silver prices have skyrocketed, hitting a near-record high of $90 per ounce in the international market. This surge is having a direct impact on rates in Pakistan.
Local Market Update
In Pakistan, the price of silver has jumped by Rs. 500 per tola overnight. It is now trading at Rs. 9,575 per tola. This makes silver a lucrative investment option for those who find gold too expensive.
Why is Silver Rising?
Industrial demand for silver (used in solar panels and electronics) is booming. Combined with the global economic uncertainty, investors are flocking to silver as a cheaper alternative to gold.
Investment Tip
Many experts believe silver is undervalued compared to gold. With the current trend, it could see even higher gains in 2026. It might be time to diversify your portfolio.
What This Means for You
If you're planning to travel or send money abroad, now is a decent time. The stability suggests that the State Bank's policies are working. However, with global oil prices fluctuating, this could change soon, so keep a close watch.
Conclusion
A stable rupee is the backbone of a stable economy. Let's hope this trend continues throughout the month.
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