Silver vs gold: Which is the better investment for Pakistanis?

Recent spike in gold prices has led to significant increase in cost of entry for many buyers in Pakistan
An undated image. —  Adobe Stock
An undated image. — Adobe Stock

Considering gold prices around skyrocketing to unprecedented heights, surpassing PKR 425,000 per tola, many Pakistanis seem to be reconsidering their investment strategies.

While global economic uncertainties and all-time high inflation have made gold the priciest and the most sought-after asset, investors are opting for silver as a safer and better investment than gold.

Gold has historically been viewed as a safe haven, particularly during times of economic instability, as its value tends to increase when inflation rises or when investors seek refuge from volatile markets.

Regardless, the recent spike in gold prices has led to a significant increase in the cost of entry for many buyers in Pakistan. As a result, silver is gaining traction among those looking for a more affordable investment alternative.

Those planning to buy silver in preference to gold must know that silver has its own advantages. Not only is it cheaper than gold, but it also has industrial applications that can drive demand.

Given the unwavering progress and advancements in technology and renewable energy, silver’s role in solar panels and electronics makes it a compelling investment option.

Eventually, while gold stands as a typical choice for wealth preservation, the current market dynamics indicate that silver might offer a more accessible and lucrative investment opportunity for Pakistanis.

With investors evaluating their options, owning a bit of silver could be a wise strategy in today’s economic landscape, which is registering the most dramatic fluctuations ever.