Karachi, February 28, 2026 – Silver prices in Pakistan surged today, with the chandi ka rate reaching Rs. 11,003 per tola. Strong global precious metals trends and active local buying drove this sharp increase. This gain continues the recent bullish streak, as silver reacts quickly to international market movements.
Local rates currently stand at Rs. 9,431 per 10 grams and Rs. 943.1 per gram. International spot silver strength and its close link with gold support these levels. Investors increasingly view silver as a safe-haven asset and an essential industrial metal.
Gold mirrors this upward trend, with local 24K gold priced at Rs. 540,562 per tola, highlighting how the two metals move in tandem during periods of market strength.
Main Reasons Behind Pakistan’s Silver Price Surge
- Silver Moves with Gold Rally – Gold’s strong performance (international spot above $5,100/oz and high local rates) drives silver. Traders regularly buy both metals together for protection and diversification.
- International Spot Silver Momentum – Global silver maintains strong upward pressure. Rising spot levels quickly increase local PKR prices through import costs and currency effects.
- High Industrial Demand – Industries actively use silver in solar panels, electric vehicles, electronics, and clean energy. This steady demand supports prices across market conditions.
Active Local Buyers – Pakistani investors and jewelers increasingly buy silver as a hedge against inflation. Its lower cost compared to gold boosts local market activity and fuels today’s sharp gains in Sarafa markets.
Analysts highlight silver’s fluctuating but promising trend. Recent movements have fueled this ongoing surge, supported by its investment appeal and strong industrial demand.
Buyers and investors should check live Sarafa market rates before making transactions. Silver prices respond quickly to global trends and local market conditions.
For real-time updates, use trusted sources like Hamariweb, UrduPoint, FOREX.pk, or the Karachi Sarafa market. Silver continues to offer valuable opportunities in today’s precious metals market. Stay informed to make timely investment decisions.
Current Silver Rates in Pakistan- February 28, 2026
| Weight | Rate (PKR) | Notes |
| 1 Gram | 943.1 | Fine/Pure Silver |
| 10 Gram | 9,431 | Fine/Pure Silver |
| 1 Tola | 11,003 | Standard Rate |