Significance of Silver Spot Price: Silver Bullion Price
Silver Spot Price and Silver Bullion Price Today September 9, 2024 is as follow:
Being trade research experts and analysts on silver rates in the international market we keep an eye on the market and the factors affecting the trade of commodities in the market. Which enables us to provide our readers with authentic and reliable data for decision making, So here you can have a look at the silver spot price, silver bullion price and silver price in different currencies today as well.
If you are dealing in silver or gold and you intend to avoid the risk then we suggest you must go through or consult different sources to make sure that you are taking the right decision about current silver and gold prices.
What is the Silver Spot Price?
Silver spot price or silver spot price today refers to the current market price of silver at which silver is available for immediate delivery. Market where you are trading could be anywhere in the world or could be a global market, silver spot price refers to the prevailing price of raw, unrefined silver being traded in the commodity exchange market of the world. You should keep in mind that silver spot price more often represents the wholesale market price and it could differ the retail price of silver.
What is the Silver Bullion Price?
Silver Bullion price also refers to the raw and unrefined silver prices but in the form of silver coins, silver bars and silver rounds so you can look for silver coin price, silver bar price etc. The term Bullion refers to pure products i.e. bars, coins and rounds of precious metals like mentioned earlier it does not relate to silver specifically.
When it comes to the bullion price then it is based on the silver spot price but with additional manufacturing or minting(making) charges, premiums on which these are available physically in the market and dealer markups etc. There could be a slight difference in silver spot price and silver bullion price. Bullion products more often conform to standardized weights and sizes so that these could be easily recognized and traded in the market and commonly weigh in 1 ounce, 10 ounce and 1 kg.
Here bellow you can have a look at Silver Price in United States Dollar, Silver Price in Australian Dollar and Silver Price in Canadian Dollar.
Silver Price in US Dollar September 9, 2024
| Silver Category | Rate per Gram | Rate per 10 Grams | Rate per Tola | Rate per Ounce | Rate per Kilogram |
|---|---|---|---|---|---|
| 24K | $0.97 | $9.70 | $11.35 | $30.17 | $970.00 |
| 22K | $0.89 | $8.90 | $10.41 | $25.23 | $890.00 |
| 21K | $0.85 | $8.50 | $9.95 | $24.10 | $850.00 |
| 18K | $0.73 | $7.30 | $8.54 | $20.70 | $730.00 |
In the table above you can have a look at the silver price in USD as per London Bullion Market Association (LBMA). There could be a slight difference in different countries due to prevailing geo political conditions, current government policies and currency value.
Silver Price in AUD September 9, 2024
| Silver Category | Rate per Gram | Rate per 10 Grams | Rate per Tola | Rate per Ounce | Rate per Kilogram |
|---|---|---|---|---|---|
| 24K | $1.43 | $14.30 | $16.73 | $40.54 | $1,430.00 |
| 22K | $1.31 | $13.10 | $15.33 | $37.14 | $1,310.00 |
| 21K | $1.25 | $12.50 | $14.63 | $35.44 | $1,250.00 |
| 18K | $1.07 | $10.70 | $12.52 | $30.33 | $1,070.00 |
In the table above you can have a look at the silver price in Australian Dollar as per London Bullion Market Association (LBMA). There could be a slight difference in different countries due to prevailing geo political conditions, current government policies and currency value.
Silver Price in CAD September 9, 2024
| Silver Category | Rate per Gram | Rate per 10 Grams | Rate per Tola | Rate per Ounce | Rate per Kilogram |
|---|---|---|---|---|---|
| 24K | $1.31 | $13.10 | $15.33 | $37.14 | $1,310.00 |
| 22K | $1.21 | $12.10 | $14.16 | $34.30 | $1,210.00 |
| 21K | $1.14 | $11.40 | $13.34 | $32.32 | $1,140.00 |
| 18K | $0.98 | $9.80 | $11.47 | $27.78 | $980.00 |
In the table above you can have a look at the silver price in Canadian Dollar as per London Bullion Market Association (LBMA). There could be a slight difference in different countries due to prevailing geo political conditions, current government policies and currency value.
Factors Influence Silver Spot Price and Silver Bullion Price
Similar to other commodities and precious metals, silver pricing i.e. silver spot prices and silver bullion prices are also influenced by multiple factors including, supply and demand dynamics, geopolitical events, currencies movement, economic indicators and investors and traders sentiments. To avoid or minimize risk in silver trading you can track live silver prices and live gold prices through different reliable online forums and precious metals dealers in the market as well. If you need to read about the factor in detail then click here.
Now I am pretty sure that you are going to make an important decision about gold price today or current silver price today so you should have a reliable insight about the silver and gold rates in Pakistan today. We are providing you with reliable data from authentic sources from the ground for better decision making in the best interest of your business. Bellow are the current Gold and Silver rates today. In the Table bellow you can have a look at silver and gold rates in Pakistan’s different cities.
24k Gold and Silver Price Today September 9, 2024 in Pakistan
In the most recent updates from Sarafa Associations of Pakistan and Karachi Sarafa Bazar, 24k Gold Price in Pakistan stands at RS. 264,500 per tola and 24k silver price rests at RS.3,111per tola. You can also check white gold price by clicking on given link.
| City | Gold Rate per Tola | Silver Rate per Tola |
|---|---|---|
| Karachi | 264,500 | 3,111 |
| Hyderabad | 264,500 | 3,111 |
| Lahore | 264,500 | 3,111 |
| Multan | 264,500 | 3,111 |
| Islamabad | 264,500 | 3,111 |
| Faisalabad | 264,500 | 3,111 |
| Rawalpindi | 264,500 | 3,111 |
| Quetta | 264,500 | 3,111 |
