| Category | Price per kg (PKR/kg) |
|---|---|
| Hard Silver (scrap-grade) | 500 – 520 |
| General Silver Scrap | 525 – 540 |
Silver scrap trading has become an increasingly important market in Pakistan, offering individuals and businesses a way to monetize unused silver items while contributing to the recycling economy. Whether you’re looking to sell old jewelry, coins, or industrial silver waste, understanding current market rates is essential for making informed decisions.
This guide provides up-to-date information on silver scrap prices in Pakistan and what factors influence these rates.
Current Silver Scrap Prices in Pakistan
The silver scrap market in Pakistan operates with different price categories based on the quality and purity of the material. Here are today’s rates:
Price Categories
Hard Silver (Scrap-grade): This category typically includes heavily tarnished or lower-purity silver items that require more processing. The price range of PKR 500-520 per kilogram reflects the additional refining costs involved.
General Silver Scrap: Higher-quality silver items with better purity levels fall into this category. These materials command better prices of PKR 525-540 per kilogram due to their easier processing requirements.
Factors Affecting Silver Scrap Rates
Several elements influence daily silver scrap prices in Pakistan:
International Silver Prices: Global commodity markets directly impact local rates. When international silver prices rise, Pakistani scrap rates typically follow suit.
Currency Exchange Rates: Since silver is traded internationally in US dollars, PKR-USD exchange rate fluctuations significantly affect local pricing.
Local Demand and Supply: Industrial demand for silver in electronics, jewelry manufacturing, and other sectors influences scrap prices.
Purity Levels: Higher silver content means better rates. Items with 925 sterling silver hallmarks generally fetch premium prices compared to silver-plated materials.
Tips for Selling Silver Scrap
Before selling your silver scrap, consider these important points:
Get Multiple Quotes: Prices can vary between different dealers and recycling centers. Compare offers from several buyers to ensure you receive fair value.
Verify Silver Content: Have your items tested for silver purity. This helps you negotiate better prices and avoid being shortchanged.
Market Timing: Silver prices fluctuate daily. Monitor market trends to identify optimal selling times.
Documentation: Keep receipts and documentation for valuable silver items, as this can help establish authenticity and potentially increase value.
Making Smart Selling Decisions
The silver scrap market offers genuine opportunities for those looking to convert unused silver items into cash. However, success depends on understanding market dynamics and working with reputable dealers.