Today, 03 january, 2025, silver trades at around 3029 per tola. This reflects a slight decrease from yesterday's closing price. The prices are collected from the local Sarafa market.

Current Silver Price In Various Units:

• Per Gram: 260
• Per 10 Gram: 2600
• Per Tola: 3029

Factors Affecting Silver Price:

The price of silver is influenced by several factors, including:

• Supply and Demand: Just like any commodity, silver's price is driven by supply and demand. Industrial use, jewelry consumption, and investment all affect demand. On the supply side, mine production and government stockpiles can play a role.
• Economic Conditions: Silver is often seen as a safe-haven asset during economic uncertainty. If investors are worried about inflation or a recession, they may buy silver, driving up the price.
• The Price of Gold: Gold and silver are often traded together, and the price of gold can sometimes influence the price of silver.

Understanding Silver Price Movements:

Silver prices can be volatile, and short-term fluctuations can be difficult to predict. However, by following economic news and staying informed about global events that may affect supply or demand, you can gain a better understanding of the factors influencing the silver market.