Silver prices in Pakistan have seen a notable uptick today, February 2026, following a surge in international precious metal markets. Reflecting the broader trend where gold prices soared by over Rs. 11,000, silver rates also moved higher to settle at a new range for the weekend.
Local Sarafa Markets across Karachi, Lahore, and Multan report that the price of 24-karat silver has increased by approximately Rs. 444 per tola.
Silver Rates Summary: 11 February 2026
| Silver Quality | Weight | Today’s Price (PKR) | Change |
| 24K Silver | 1 Tola | Rs. 8,269 | +Rs. 444 |
| 24K Silver | 10 Grams | Rs. 7,089 | +Rs. 381 |
| 24K Silver | 1 Gram | Rs. 709 | +Rs. 38 |
City-wise Silver Rates
While the base rate is determined by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), slight variations of Rs. 10–50 may occur due to local transport and dealer charges in different cities.
- Karachi: Rs. 8,269 per Tola
- Lahore: Rs. 8,285 per Tola
- Multan: Rs. 8,275 per Tola
- Islamabad/Rawalpindi: Rs. 8,270 per Tola
- Peshawar: Rs. 8,265 per Tola
Market Factors Behind the Rise
The primary driver for today’s price hike is the international spot silver price, which recently climbed toward $90 per ounce amid geopolitical tensions and currency fluctuations. In the domestic market, the continued volatility of the Pakistani Rupee against the US Dollar further amplifies these price adjustments.
Investors often turn to silver as a “poor man’s gold,” using it as a hedge against inflation when gold prices become prohibitively expensive for middle-income buyers.
Note: These rates are for pure silver bullion. If you are purchasing silver jewelry, additional “making charges” (Labor) ranging from 10% to 20% will apply depending on the design complexity.