Silver Rates in Quetta: Today Chandi Price
As on, Wednesday, 19 February 2025
Price Per 10 Gram
Rs. 2907
Price Per Tola
Rs. 3390
Price Per 52.5 Tola
Rs. 178197
Price Per Ounce
Rs. 9041
Quetta being the capital city of Balochistan plays a vital role in the silver market of Pakistan and serves as the economic hub in Balochistan. Finding accurate and updated information on silver rates is a challenge for many people because silver rates fluctuate for a lot of reasons. One cannot ignore these factors before investing in silver because these factors can either drive silver prices up or cause them to drop.
We provide you with the latest and most accurate silver rates in Quetta. These rates are acquired after doing a lot of research from local markets as well as from different authorized silver dealers. Based on our information one can easily get updated about current silver prices in Quetta and make a better decision about investing in silver
Don’t miss to check out the live silver price in Pakistan
Factors Affecting Silver Rates in Quetta
International Silver Prices
Silver Prices in Quetta are directly influenced by International Silver prices. Whenever the international silver prices rise, the silver rate in Quetta also increases. International Silver prices are affected by a variety of reasons like supply and demand of silver in industries, inflation, and gold prices.
Currency Exchange Rate
Silver price in Quetta is also affected by the currency exchange rate in Pakistan. When the Pakistani Rupee loses its strength against the US dollar, the silver prices in Quetta rise because Silver is traded in US dollars internationally. Similarly, when our currency strengthens, the silver prices drop in Quetta.
Local Demand
Silver price in Quetta Is influenced by local demand which mainly comes from jewelry consumption. Silver prices are also affected by increased local demand during wedding seasons and certain festivals.
Economic instability
Wherever there are unstable economic conditions in the country, people tend to invest in precious metals including silver. Because silver acts as a safe haven against economic tension. This drives up the silver rate in Quetta.
Gold prices
Silver is considered as the gold’s poor cousin. This means there is a direct relation between silver and gold prices. If we look into the history of gold and silver prices, we see that whenever the gold prices rise, Silver prices also follow. And when there is a drop in gold prices, silver prices also decrease.
Silver Mining in Quetta
Gold and silver deposits were discovered in Saindak town in Balochistan in the early 1970s. For this purpose, Saindak Metals Ltd started mining silver and gold with the help of China. Since then tons of silver have been mined by this company which helps in the economic development of Pakistan.
Where to buy silver in Quetta
There are many places in Quetta for trading physical silver. Some of the most popular ones are:
Liaquat Bazaar
Liaquat Bazar is the best place for jewelry shopping in Quetta. Here you can find all kinds of silver jewelry at an affordable price. Before visiting there it’s best to use public transport because it can be very crowded sometimes and there can be parking issues.
Prince Road
Another best place to buy silver in Quetta is Prince Road. A lot of jewelry dealers are available there where you can buy or sell silver without any doubt. Some of the popular dealers of Prince Road are Hameed Jewellers Quetta, Sona Mahal Jewellers, and Asghar Jewellers
Note: Before buying or selling silver in Quetta, always visit more than one jewelry dealer and compare their prices for a better decision.
Conclusion
The silver rates in Quetta fluctuate due to various economic factors. Despite these fluctuations, silver remains a highly demanding metal in Quetta in terms of jewelry, ornaments, and investment purposes. Whether you are looking to invest in silver or simply want to stay updated with market trends, keeping an eye on the silver rate in Quetta is vital. By staying updated with the latest silver rates, one can make better decisions about silver investments and purchases.