The Karachi bullion market saw silver prices suffer a significant blow, with the white metal posting its largest single-day decline in weeks.
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The silver rate in Karachi for 24-karat silver plunged by Rs. 138, closing at Rs. 6,421 per tola.
This sharp decline extends silver’s losing streak and pushes prices to their lowest level since late last year. The silver market rout shows no signs of letting up.
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In grams, 24-karat silver fell by Rs. 119 to Rs. 5,504. The substantial drops across both measurements underscore the intensity of the selling pressure.
Karachi Silver prices today on Wednesday, July 8, 2026:
- Silver, 24K per tola: Rs. 6,421 down by Rs 138
- Silver, 24K per 10 grams: Rs. 5,504 down by Rs 119
The crash was driven by a severe global downturn. The international silver price per ounce plummeted by $1.38 to $59.42, its lowest level in recent memory.
Silver Rates in Karachi – Daily Updates
This global silver collapse continues to exert massive downward pressure on local prices.
Since its peak above Rs. 10,000 per tola in early March, silver has now lost over Rs. 3,600, representing a correction of more than 36%.
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The white metal’s higher volatility has resulted in an even steeper percentage decline from its highs compared to gold, with prices now trading at levels not seen since late 2025.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
For daily updates visit our detailed Silver Price in Karachi page
