Karachi Silver prices today recorded a steep decline, with the metal falling sharply across all categories as global precious metals markets tumbled alongside gold, reversing Monday’s strong recovery entirely and pushing domestic silver prices back toward the lower levels seen during last week’s difficult stretch.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola fell by Rs. 174, settling at Rs. 6,223.
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The price of 24-karat silver per 10 grams also declined sharply by Rs. 149, settling at Rs. 5,335.
Karachi Silver prices today, July 28, 2026:
- Silver, 24K per tola: Rs. 6,223 (-174)
- Silver, 24K per 10 grams: Rs. 5,335 (-149)
International silver prices also fell steeply, declining by $1.74 to settle at $57.44 per ounce, reversing Monday’s gains and pulling global rates back toward the lower end of the recent range as selling pressure returned across precious metals markets.
The sharp decline in global silver rates was reflected in domestic pricing, with Karachi silver prices falling across all categories throughout the session.
Tuesday’s fall of Rs. 174 per tola is significantly larger than Monday’s gain of Rs. 100 per tola, meaning Karachi silver prices have now not only reversed the entire recovery but fallen to their lowest level since the multi-month lows of mid-July.
Karachi Silver Prices Today Erase Monday’s Recovery and Then Some
Monday had delivered a much-needed Rs. 100 per tola recovery to Rs. 6,397, following Saturday’s marginal dip of Rs. 12 per tola, Friday’s fall of Rs. 61 per tola, and Thursday’s decline of Rs. 33 per tola.
READ: Karachi silver prices near Rs. 6,400 per tola after strong rebound
Tuesday’s steep fall of Rs. 174 per tola has comprehensively reversed Monday’s recovery, pushing Karachi silver prices to Rs. 6,223 per tola, their lowest level since the absolute bottom of July 17.
The familiar pattern of sharp one-day recoveries being quickly and aggressively reversed has reasserted itself, and the near-term picture for silver looks increasingly fragile.
Karachi Silver Prices Fall to Their Lowest Level Since Mid-July
At Rs. 6,223 per tola, Karachi silver prices have now fallen to levels not seen since the worst days of the mid-July correction, sitting uncomfortably close to the Rs. 6,000 mark that had come into view during that painful stretch.
International silver at $57.44 per ounce has also moved back toward the deeply depressed levels of recent weeks, raising fresh concerns about where the next meaningful support level lies.
Market Outlook Turns More Cautious
Pakistan silver prices continue to be influenced by global industrial demand, particularly from sectors such as electronics and renewable energy, alongside broader shifts in investor sentiment.
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Tuesday’s steep decline after Monday’s encouraging recovery is a deeply disappointing development and reinforces the sense that Pakistan’s silver market has yet to find a genuine and lasting floor after the brutal losses of June and July.
Traders and investors will be watching closely whether Pakistan silver prices can find support around current levels in the sessions ahead, or whether the Rs. 6,000 mark comes back into serious contention as the final days of July approach.
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
