Pakistan’s bullion market saw silver prices ease marginally on Wednesday, snapping a three-session winning streak as the metal recorded a modest pullback across all categories, even as gold continued to edge higher in a session of mixed signals for Pakistan’s precious metals market.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola declined by Rs. 6, settling at Rs. 7,503.
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Similarly, the rate of 24-karat silver per 10 grams also slipped by Rs. 5, closing at Rs. 6,391, as the domestic market saw a slight pause after the sharp gains recorded over the preceding sessions.
Silver rates in Pakistan on Wednesday, June 17, 2026:
- Silver, 24K per tola: Rs. 7,503 (-6)
- Silver, 24K per 10 grams: Rs. 6,391 (-5)
In the international market, silver prices also edged lower, slipping by $0.060 to settle at $70.24 per ounce as global precious metals markets saw a slight retreat following the strong rally of recent sessions.
The modest dip in global silver markets was reflected in domestic prices, as some profit-taking emerged after the sustained recovery seen over the past several sessions.
With the pullback remaining limited in scale, the overall tone of the market stayed largely steady throughout Wednesday’s session.
A Pause After Three Sessions of Strong Gains
Wednesday’s slight dip follows Monday’s strong advance of Rs. 230 per tola, which had pushed silver prices above the Rs. 7,500 mark for the first time since before the recent correction, as well as Saturday’s gain of Rs. 200 per tola and Friday’s rebound of Rs. 190 per tola.
READ: Pakistan silver prices climb above Rs. 7,500 per tola
Together, those three sessions had added Rs. 620 per tola to domestic silver prices in one of the most convincing recoveries the market had seen in recent weeks.
The preceding correction had been deeply painful, with prices falling as low as Rs. 6,889 per tola during Thursday’s session before the recovery began.
Wednesday’s marginal decline of Rs. 6 per tola is minor by comparison and does not appear to signal a reversal of the broader recovery trend, but rather a natural pause after a strong run higher.
Holding Comfortably Above Rs. 7,500
Despite Tuesday’s slight pullback, domestic silver prices at Rs. 7,503 per tola remain comfortably above the key Rs. 7,500 mark that was reclaimed during Monday’s surge.
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The ability to hold above this level even after a down session suggests the recovery’s underlying strength remains largely intact.
Prices nonetheless remain well below the all-time highs recorded in early 2026, when domestic rates had traded above Rs. 10,000 per tola and international silver had climbed above $100 per ounce.
With international silver now trading at $70.24 per ounce following Tuesday’s modest dip, market analysts will be watching closely whether this represents a brief pause in the recovery or the start of renewed selling 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 long-term structural demand driven by the global shift toward renewable energy, even as near-term price action takes a breather.
Market watchers will be closely monitoring whether silver can resume its upward trajectory in the coming sessions or whether Wednesday’s dip marks the beginning of a more sustained correction after the recent rally.
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
