Pakistan’s bullion market witnessed a sharp decline in silver on Friday as prices fell across all categories, breaking decisively below the psychologically important Rs. 7,000 per tola mark and erasing much of the recovery built up over the preceding sessions amid heavy global selling pressure.
The latest movement comes after a period of relative stability, with silver now joining gold in a steep corrective phase as global precious metals markets came under broad selling pressure following recent rallies.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola declined by Rs. 413, settling at Rs. 6,946.
Silver rates in Pakistan on Friday, June 19, 2026:
- Silver, 24K per tola: Rs. 6,946 (-413)
- Silver, 24K per 10 grams: Rs. 5,895 (-373)
Similarly, international silver prices also fell sharply, slipping by $4.13 to settle at $64.67 per ounce amid heavy profit-taking and corrective pressure following the recent run-up in global commodities.
The decline in global silver markets was directly reflected in domestic pricing, as local markets tracked international cues closely.
Selling activity dominated the session, with little fresh buying interest emerging to offset the broad-based pullback.
Sharp Decline Breaks the Recent Stability
Friday’s steep fall marks a clear departure from the relatively contained moves seen earlier in the week.
READ: Silver prices dip slightly in Pakistan after recent winning streak
On Thursday, June 18, silver had eased by a more modest Rs. 144 per tola to settle at Rs. 7,359, a decline that had appeared to be part of a short-term consolidation phase rather than a sustained reversal.
Friday’s far sharper decline of Rs. 413 per tola has changed that picture considerably, eating significantly into the gains built up during the earlier recovery phase, which had been particularly strong:
- Monday gained Rs. 230 per tola
- Saturday added Rs. 200 per tola
- Friday, June 12 rose by Rs. 190 per tola
Together, those three sessions had added Rs. 620 per tola to domestic silver prices, lifting the metal back above the Rs. 7,500 mark after earlier losses had pushed prices down to Rs. 6,889 per tola during a previous corrective phase.
Friday’s decline has now pulled prices back below even that earlier low point.
Breaking Below the Key Rs. 7,000 Mark
Friday’s fall has pushed domestic silver prices firmly below the psychologically significant Rs. 7,000 per tola mark, a level that had held throughout the recent recovery phase.
The breach signals a meaningful shift in sentiment and suggests that the consolidation seen on Thursday has given way to a sharper corrective move.
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At Rs. 6,946 per tola, silver prices have given back a substantial portion of the gains achieved over the preceding two weeks, raising questions over whether this marks a deeper correction or a temporary setback within a still-volatile market.
International silver, now at $64.67 per ounce, reflects a similarly sharp pullback, underscoring how closely domestic prices continue to track global commodity trends.
Market Outlook Turns Cautious
Silver remains a highly sensitive asset influenced by global industrial demand, especially from sectors such as electronics and renewable energy.
While long-term demand fundamentals remain supportive, short-term price action continues to reflect global economic uncertainty and rapidly shifting investor sentiment.
Market watchers will now closely monitor whether silver can stabilize and reclaim the Rs. 7,000 mark in the coming sessions, or whether Friday’s sharp decline signals the start of a more sustained corrective phase in line with the broader pullback in gold.
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
