Buying silver in Karachi
Karachi is the hub of Pakistan's bullion trade. Silver is quoted per tola (11.66 g) and per 10 grams, and the daily rate announced by the Sarafa association in Karachi is followed nationwide.
The prices on this page are Pakistan's spot-based rate in PKR: there is no separate exchange price for Karachi. Taxes and duties are explained on the silver price in Pakistan page.
The Sarafa silver rate
The All Pakistan Gems and Jewellers Sarafa Association announces silver rates per tola and per 10 grams alongside gold. It tracks the international price and the rupee but also reflects local supply, so it can differ from converted spot shown here.
Buying tips
There is no mandatory hallmarking for silver in Pakistan. Ask for the weight and purity on the receipt and check the buy-back price before buying.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.