Karachi silver prices today recorded a sharp decline, with domestic silver rates falling across all major categories as international silver prices also weakened, pulling the metal further away from the Rs. 7,000 per tola mark.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola fell by Rs. 113, settling at Rs. 6,826.
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The price of 24-karat silver per 10 grams also declined by Rs. 97, settling at Rs. 5,852.
Karachi Silver prices today, August 8, 2026:
- Silver, 24K per tola: Rs. 6,826 (-113)
- Silver, 24K per 10 grams: Rs. 5,852 (-97)
International silver prices also declined, falling by $1.13 to settle at $63.47 per ounce, reversing some of the recent gains in the global precious metals market and putting downward pressure on domestic silver rates.
The drop in global silver prices was reflected in Pakistan’s bullion market, with Karachi silver prices declining across all major categories.
The latest fall comes after five consecutive sessions of gains had pushed domestic silver prices close to the key Rs. 7,000 per tola mark.
Karachi Silver Prices Reverse After Five-Session Recovery
Saturday’s decline follows Friday’s Rs. 280 per tola gain, which had lifted domestic silver prices to Rs. 6,939.
Before Friday’s sharp increase, silver had also gained Rs. 35 per tola on Thursday and Rs. 273 per tola on Wednesday.
READ: Karachi silver prices jump as rates approach Rs. 7,000 per tola
Together, the last five sessions had added Rs. 702 per tola to Karachi silver prices, taking the metal to Rs. 6,939.
Today’s Rs. 113 decline has now partially reversed that five-session recovery, with silver slipping back below the Rs. 6,900 level.
Silver Moves Further Away From Rs. 7,000
At Rs. 6,826 per tola, Karachi silver prices are now Rs. 174 below the important Rs. 7,000 psychological threshold.
The latest decline also comes as international silver prices fell to $63.47 per ounce.
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Global silver movements, industrial demand, investor sentiment, geopolitical developments and currency fluctuations remain key factors influencing domestic prices.
Market Outlook Turns Cautious
Karachi silver prices have weakened after a powerful five-session recovery, making the next few sessions important for determining whether the latest decline is a temporary correction or the beginning of another period of weakness.
Traders and investors will be watching closely whether silver can regain the Rs. 6,900 level and resume its recent recovery, or whether continued weakness in international silver prices puts further pressure on domestic rates.
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
