Pakistan’s bullion market recorded another deeply painful session on Wednesday, as silver prices plunged sharply across all categories, breaking below the psychologically critical Rs. 7,000 per tola mark for the first time in several months as global precious metals markets collapsed under heavy selling pressure.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola plunged by Rs. 385, settling at Rs. 6,929.
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Similarly, the rate of 24-karat silver per 10 grams also crashed by Rs. 352, closing at Rs. 5,893, as panic selling dominated the domestic market throughout the session.
Silver rates in Pakistan on Wednesday, June 10, 2026:
- Silver, 24K per tola: Rs. 6,929 (-385)
- Silver, 24K per 10 grams: Rs. 5,893 (-352)
In the international market, silver prices also witnessed a massive collapse, plunging by $3.852 to settle at $64.50 per ounce as global precious metals markets came under extreme and sustained selling pressure.
The catastrophic drop in global silver markets was immediately reflected in domestic prices, as traders and investors rushed to offload positions amid the broad market sell-off. With selling activity dominating the session and fresh buying interest almost entirely absent, silver prices collapsed across all categories and broke below the key Rs. 7,000 mark for the first time in several months.
Tuesday’s Recovery Proves Short-Lived
Wednesday’s devastating decline comes just a day after Tuesday’s encouraging recovery of Rs. 141 per tola, which had raised hopes that the worst of the selling pressure had passed. That recovery proved entirely short-lived as global markets came under renewed and intensified selling pressure on Wednesday.
READ: Silver prices edge higher in Pakistan after persistent downward trend
The recent period has been extraordinarily painful for silver prices in Pakistan. Saturday, June 6, had seen silver crash by Rs. 463 per tola to settle at Rs. 7,267 following a massive global sell-off. Monday, June 8, had extended losses by a further Rs. 94 per tola to settle at Rs. 7,173, pushing prices dangerously close to the key Rs. 7,000 mark. Tuesday’s brief recovery of Rs. 141 per tola had temporarily eased those concerns, but Wednesday’s collapse of Rs. 385 per tola has now decisively broken through that critical level.
The combined losses over the past several sessions now represent one of the most dramatic and sustained pullbacks in Pakistan’s silver market in recent memory.
Below the Key Rs. 7,000 Mark
Wednesday’s plunge has pushed domestic silver prices firmly below the key Rs. 7,000 per tola mark, representing a major psychological breakdown in the precious metals market. The breach of this important level is likely to weigh further on investor sentiment in the near term.
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The current price of Rs. 6,929 per tola remains dramatically below the all-time highs recorded in early 2026, when silver had traded above Rs. 10,000 per tola and international silver had climbed above $100 per ounce. With international silver now trading at $64.50 per ounce following Wednesday’s heavy losses, market analysts will be watching closely whether prices can stabilise at current levels or face further downward pressure.
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 continues to benefit from growing industrial demand and a global shift toward renewable energy, which has significantly increased the use of silver in solar panel production.
Market watchers will be closely monitoring whether silver can stage any meaningful recovery and reclaim the key Rs. 7,000 mark in the coming sessions or faces further downward pressure heading into the new trading week.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for 999 purity (24K).
For daily updates visit our detailed Silver Price in Karachi page
