Silver Rate in Pakistan: Why Chandi Prices Move & Tola Guide

The silver rate in Pakistan — the chandi rate, as it is known in every sarafa bazaar — moves every single day, and most buyers never learn why. At the time of writing (late July 2026), silver trades around PKR 6,000–6,100 per tola and roughly PKR 520,000 per kilogram. By the time you read this, those numbers will have changed — you can always see the current figure on our live silver rate page, updated every 60 seconds in PKR and 100+ other currencies.

This guide explains everything behind that number: exactly how the chandi rate per tola is calculated from the international silver price and the dollar-rupee exchange rate, what tola, masha and ratti actually mean, why rates differ slightly between Karachi and Lahore, what the historic 2026 silver spike did to local prices, and what to check before you buy.

Silver Rate in Pakistan Today — Per Tola, Gram & Kg

Here is a snapshot of the chandi rate across the units Pakistani buyers actually use, calculated from the live international spot price at the time of writing. These are pure .999 metal values before any dealer premium or making charges:

Silver moves every minute, so treat this table as a worked example rather than a quote — the live silver rate in Pakistan shows the current per-tola, per-gram and per-kilogram figures in real time.

How the Chandi Rate Per Tola Is Calculated

There is no committee in Pakistan that sets the silver price. Every chandi rate you see — in the bazaar, on TV, on this site — is derived from one global number: the international XAG/USD spot price, which is the dollar price of one troy ounce of pure silver on the world market. The conversion to a Pakistani tola rate takes three steps:

1. 1.Convert the ounce price to grams: divide XAG/USD by 31.1035 (grams in a troy ounce)
2. 2.Convert grams to a tola: multiply by 11.664 (grams in one tola)
3. 3.Convert dollars to rupees: multiply by the live USD/PKR exchange rate

Tola, Masha, Ratti: Silver Weights Used in Pakistan

Pakistan quotes silver in traditional South Asian units alongside grams and kilograms. Knowing the exact conversions protects you at the counter:

You can convert any weight to any other — and straight into rupees at the live rate — with our free gold and silver converters.

Why Chandi Prices Move: The 5 Real Drivers

The 2026 Silver Spike: What It Meant in Rupees

In 2026, silver broke its four-decade international ceiling and hit an all-time record near $122 per ounce. At that peak, the equivalent pure-metal chandi rate in Pakistan crossed PKR 12,700 per tola — more than double today's level — before the global price corrected back toward $58. The full story of that historic move, and where prices could go next, is covered in our silver price forecast 2026–2030 and the year-by-year record on the silver price history page.

For perspective against gold: with gold around PKR 425,000 per tola and silver near PKR 6,000, one tola of gold currently buys roughly 70 tolas of silver — the gold-to-silver ratio that professional investors watch closely.

Why Silver Rates Differ Between Karachi, Lahore and Other Cities

The underlying metal value is identical nationwide — it comes from the same XAG/USD price and the same rupee. Small city-to-city differences in quoted chandi rates come from local factors: each sarafa bazaar's supply and demand on the day, transport and handling costs, dealer competition, and how quickly local quotes update after international moves. Karachi's bullion market typically leads, with Lahore, Islamabad, Multan and Peshawar quotes tracking within a rupee band. If a quoted difference is large, it usually reflects purity or making charges — not the metal itself.

Buying Chandi in Pakistan: 5 Practical Checks

1. 1.Check the live rate first — walk in knowing the pure-metal value per tola so you can see the premium you're paying
2. 2.Confirm purity — .999 fine bars and coins carry full value; ornament silver is an alloy and should be cheaper
3. 3.Weigh in front of you — insist on a digital scale reading in grams, then convert (1 tola = 11.664 g exactly)
4. 4.Separate metal from making — for jewellery, ask for the metal value and making charges as separate line items
5. 5.Keep the receipt with weight and purity — it is your resale protection

Frequently Asked Questions

What is the silver rate in Pakistan today per tola?

At the time of writing (late July 2026) the pure-metal chandi rate is approximately PKR 6,076 per tola, based on international silver near $58 per ounce and the rupee near 278 per dollar. The rate changes continuously — check the live silver rate page for the current per-tola figure.

How much is 1 kg of silver in Pakistan?

One kilogram of pure silver is worth approximately PKR 520,000 at the time of writing — equal to about 85.7 tolas. The exact figure is the live per-gram rate multiplied by 1,000, before any dealer premium.

What is the 500 gram chandi price?

Half a kilogram of pure chandi is worth approximately PKR 260,000 at current levels — simply half the per-kilogram value. Bulk pieces like 500 g bars usually carry smaller percentage premiums than small ornaments.

How is the chandi rate calculated?

Take the international silver price in dollars per troy ounce, divide by 31.1035 to get the per-gram price, multiply by 11.664 for one tola, then multiply by the USD/PKR exchange rate. Local dealers add a small margin on top of this pure-metal value.

Why did the chandi rate fall after the 2026 peak?

International silver corrected sharply after setting its record near $122 per ounce in 2026 — a normal pattern after vertical spikes, seen before in 1980 and 2011. Since Pakistan's rate is derived from the world price, the local chandi rate followed it down even though the rupee barely moved.

Is chandi a good investment in Pakistan?

Silver has historically protected Pakistani savers against rupee depreciation, and it is far more affordable per tola than gold. But it is also roughly twice as volatile as gold, with deep multi-year drawdowns after spikes. Most balanced approaches treat chandi as a smaller complement to gold rather than a replacement. This article is educational, not investment advice.

Conclusion

The silver rate in Pakistan is not a mystery — it is arithmetic. One global silver price, one exchange rate, one fixed weight conversion, and a local premium on top. Once you know the formula, every bazaar quote becomes checkable, every city difference explainable, and every headline about chandi prices makes sense. The two numbers to watch are international silver and the rupee: when either moves, the tola rate follows within hours.

Bookmark the live silver rate for the current chandi price per tola, gram and kilogram — updated every 60 seconds — and see the silver price history for how today's rate compares with every year since 1970.