Current Silver Rate in Pakistan Today 20 May, 2026
The silver (Chandi) rate in Pakistan stands at Rs. 8,047 per tola on Wednesday, 20 May 2026, reflecting a stable trend across major bullion markets of the country. The local Sarafa markets in Karachi, Lahore, Rawalpindi, Islamabad, and Multan continue to follow unified pricing without significant regional variation.
Today’s Silver Rates
Silver Rates in Major Cities of Pakistan
| City | Per Tola |
|---|---|
| Karachi | 8,047 |
| Rawalpindi | 8,047 |
| Lahore | 8,047 |
| Islamabad | 8,047 |
| Multan | 8,047 |
Silver Rate Trend (Last 10 Days)
| Date | Per Tola | Change | Status |
|---|---|---|---|
| May 20 | 8,047 | 0 | Stable |
| May 19 | 8,047 | 0 | Stable |
| May 18 | 8,092 | -45 | Down |
| May 17 | 8,092 | 0 | Stable |
| May 16 | 9,012 | -920 | Down |
| May 15 | 8,891 | +121 | Up |
| May 14 | 9,295 | -404 | Down |
| May 13 | 8,819 | +476 | Up |
| May 12 | 9,003 | -184 | Down |
| May 11 | 8,491 | +512 | Up |
Silver Nisab for Zakat
Based on the current silver rate of Rs. 8,047 per tola, the Nisab threshold (52.5 tolas) stands at approximately Rs. 422,467.5. Individuals whose savings exceed this amount over a lunar year are considered eligible for Zakat under Islamic financial guidelines.
Market Analysis
The silver market in Pakistan on 20 May 2026 is reflecting a phase of relative stability after a series of minor fluctuations witnessed in recent sessions. The current price of Rs. 8,047 per tola indicates a balanced sentiment between domestic demand and international bullion market signals. According to market observers, the Sarafa Association’s unified pricing across Karachi, Lahore, Rawalpindi, Islamabad, and other key cities reflects controlled trading activity and reduced speculative pressure. Industrial demand for silver, particularly from electronics, solar panels, and medical equipment sectors, continues to provide underlying support to global prices, which indirectly influences Pakistan’s local market. Currency stability in the interbank market has also played a role in limiting sharp volatility in precious metal rates. A relatively steady rupee against the US dollar has helped maintain predictable import costs for bullion traders, resulting in a narrower price band in local markets. However, analysts caution that silver remains sensitive to global economic indicators, including US Federal Reserve policy outlooks, inflation trends, and geopolitical tensions. Any sudden shift in these factors may trigger renewed volatility in the coming weeks. For investors and buyers in Pakistan, current levels are being viewed as a consolidation phase. Market experts suggest monitoring international spot prices and rupee-dollar parity before making large investment decisions. Overall, the outlook remains cautiously stable with potential for gradual upward movement if global demand strengthens further.
