Silver prices in Karachi continued their downward trend, reflecting weak global demand and shifting investor sentiment.
According to official data, the price of 24-karat silver per tola declined by Rs. 105, closing at Rs. 8,219. This ongoing decline highlights persistent weakness in the silver market despite recent strength in gold prices.
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Similarly, the price of 24-karat silver per 10 grams fell by Rs. 90, reaching Rs. 7,046. This drop reflects continued pressure on silver prices both locally and internationally, affecting traders and investors.
The international silver price also fell by $1.05, settling at $77.35 per ounce.
This global decline directly influenced domestic rates, as Pakistan’s bullion prices are closely linked to international market movements.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
A day earlier, the Pakistan bullion market experienced a sharp reversal on Friday, with gold and silver prices posting significant losses.
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The today Silver rate in Karachi faced losses on Friday, mirroring the downturn in international markets. The price of 24-karat silver per tola fell by Rs. 501, closing at Rs. 8,324.
According to market data, the price of 24K silver per 10 grams dropped by Rs. 430 to settle at Rs. 7,136.
