The Silver Rate in Pakistan continued to decline on February 2, 2026, following a sharp correction in international precious metals markets. Local traders reported steady losses for several days, reflecting reduced global demand and investor caution.
According to Karachi Sarafa market data, the Silver Rate today stands between Rs. 8,919 and Rs. 9,002 per tola. This marks a notable drop compared to earlier highs seen in recent weeks. The price for 10 grams of silver is now around Rs. 7,655 to Rs. 7,716, while one gram is trading between Rs. 765.5 and Rs. 771.6.
Market analysts say the decline is mainly linked to a global pullback in gold and silver prices. International gold recently dropped by more than $200 per ounce. This fall triggered similar pressure on silver, which usually moves alongside gold in uncertain market conditions.
The international silver market also saw lower spot prices. Recent data shows global silver trading in the range of $78 to $85 per ounce. This adjustment reduced import costs and pushed local prices down further.
Another key factor behind the falling Silver Rate is profit-taking. Investors who gained from earlier price increases are now selling. This has increased supply in the market and added pressure on prices.
Currency movements also played a role. The Pakistani rupee’s fluctuations amplified the global trend. When international prices fall, the local impact becomes stronger due to exchange rate changes.
Despite the short-term decline, experts say silver still holds long-term potential. The metal is widely used in solar panels, electric vehicles, and electronics. These industries continue to grow, which may support future demand.
Traders believe current prices could attract buyers looking for affordable investment options. However, they warn that volatility remains high. Daily changes in global markets can quickly affect local rates.
Market observers recommend tracking official Sarafa updates before making decisions. The Silver Rate may continue to shift based on international economic signals and local demand.
In other news read more about Silver Rate in Pakistan Surges Amid Global Precious Metals Rally
For now, silver remains under pressure, but its industrial importance keeps it relevant. Investors are advised to stay informed and cautious, as global trends will likely shape prices in the coming days.
