Silver prices in Pakistan recorded a strong recovery on Monday, climbing sharply across all categories as global precious metals markets bounced back strongly, providing a welcome boost to domestic silver rates ahead of Eid ul Adha.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola jumped by Rs. 236, settling at Rs. 8,270, marking one of the strongest single-session gains recorded in recent weeks.
Visit Times of Karachi website for the latest news-related content
Similarly, the rate of 24-karat silver per 10 grams also rose by Rs. 203, closing at Rs. 7,090, as buying activity picked up significantly across the domestic market.
Silver rates in Pakistan on Monday, May 25, 2026:
- Silver, 24K per tola: Rs. 8,270 (+236)
- Silver, 24K per 10 grams: Rs. 7,090 (+203)
In the international market, silver prices also staged a strong recovery, gaining $2.36 to settle at $77.86 per ounce, providing a significant boost to domestic bullion markets and driving fresh buying interest across the board.
A Week of Ups and Downs
Monday’s strong recovery caps off a volatile week for silver prices in Pakistan. The week kicked off on Monday, May 18, with a modest recovery as silver prices remained above the key Rs. 8,000 mark, with the price of 24-karat silver per tola rising by Rs. 26 to settle at Rs. 8,099. International silver also edged up by $0.26 to settle at $76.15 per ounce on that day.
Silver prices then held flat on Tuesday, May 19, with the price of 24-karat silver per tola remaining unchanged at Rs. 8,099 as global markets entered a period of consolidation and investors adopted a cautious wait-and-see approach.
The week took a difficult turn on Wednesday, May 20, when silver prices fell below the key Rs. 8,000 mark, with the price of 24-karat silver per tola declining by Rs. 125 to settle at Rs. 7,974. International silver also slipped by $1.25 to close at $74.90 per ounce on that day, adding pressure on domestic markets.
READ: Silver rates hold steady in Pakistan as international market records no movement
Thursday, May 21, brought a welcome reversal as silver climbed back above the Rs. 8,000 level, with the price of 24-karat silver per tola rising by Rs. 60 to settle at Rs. 8,034. International silver also recovered modestly, gaining $0.60 to settle at $75.50 per ounce, as investors returned to the market with cautious optimism.
Silver prices then held flat on both Friday, May 22, and Saturday, May 23, with the price of 24-karat silver per tola remaining unchanged at Rs. 8,034 on both days. International silver also recorded no movement on either day, continuing to hold at $75.50 per ounce as global markets remained in a period of consolidation.
Monday’s sharp gain of Rs. 236 per tola has now pushed silver prices well above the Rs. 8,000 mark, reflecting renewed confidence among investors and traders in the precious metals market.
Below All-Time High Levels
While Monday’s recovery is a significant positive development for silver markets in Pakistan, prices remain below their all-time highs.
Silver had previously traded as high above Rs. 10,000 per tola 2026, when international silver prices had climbed above $100 per ounce, reflecting strong global demand and bullish investor sentiment at the time.
The current price of Rs. 8,270 per tola, while significantly improved from recent lows, still sits below that peak.
However, with international silver now trading at $77.86 per ounce and showing strong upward momentum, market analysts believe a fresh push toward all-time highs is possible if the current recovery trend is sustained in the sessions ahead.
Silver, widely used in industrial sectors including electronics and solar panel manufacturing, remains highly sensitive to shifts in international demand and investor outlook.
The metal has been on a broadly upward trajectory over the past year, supported by growing industrial demand and a global shift toward renewable energy, which has significantly increased the use of silver in solar panel production.
Follow the Times of Karachi channel on WhatsApp
With global economic uncertainty and a broader rally in precious metals continuing to support buying interest, silver remains well positioned at current levels.
Market watchers will be closely monitoring international developments in the coming sessions to gauge whether the metal can push toward fresh record highs or faces another round of consolidation.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for 999 purity (24K).
