Silver prices in Pakistan recorded a sharp decline today, Monday, February 2, 2026, mirroring a strong downturn in the international precious metals market. The drop comes as investors globally move into a profit-taking phase after recent record highs in gold and silver.
Today’s Silver Rates in Pakistan (PKR)
| Weight | Silver Rate (24K) | Daily Change |
| Per Tola | Rs. 8,405 | -Rs. 601 |
| Per 10 Grams | Rs. 7,205 | -Rs. 516 |
| Per 1 Gram | Rs. 720.50 | -Rs. 51.60 |
Rates may vary slightly depending on city and bullion dealer.
Why Did Silver Prices Fall Today?
Market analysts attribute today’s sharp decline in silver prices to several key factors:
International Market Decline
Global silver prices dropped by approximately $6.01, trading near $79.30 per ounce, putting direct pressure on local bullion rates.
WhatsApp ChannelCorrection Phase in Precious Metals
Both gold and silver are currently undergoing a market correction, as investors lock in profits after recent all-time highs.
Strengthening US Dollar
A stronger US Dollar has reduced demand for precious metals, making silver less attractive as a short-term hedge.
Impact on Local Market
The sharp fall in silver prices may attract short-term buyers and jewellery manufacturers, while investors are expected to remain cautious due to ongoing volatility in global markets.
Traders note that silver prices in Pakistan closely follow international trends, with local demand playing a secondary role.
Silver Market Outlook
Experts believe silver prices may remain volatile in the short term, as global investors react to economic data, currency movements, and changes in commodity market sentiment.
Any further movement will largely depend on international bullion trends and the direction of the US Dollar.
Final Thought
Silver rates in Pakistan fell sharply on February 2, 2026, with 24-karat silver per tola dropping to Rs. 8,405. The decline reflects a broader global correction in precious metals, driven by profit-taking and a stronger dollar.
Buyers and investors are advised to monitor market trends closely before making trading decisions.