Silver prices in Pakistan recorded a decline on Tuesday, slipping across all categories as global precious metals markets came under mild selling pressure, with the losses arriving just a day before Eid ul Adha celebrations are set to begin across the country.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola decreased by Rs. 153, settling at Rs. 8,117.
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Similarly, the rate of 24-karat silver per 10 grams also fell by Rs. 131, closing at Rs. 6,959.
Silver rates in Pakistan on Tuesday, May 26, 2026:
- Silver, 24K per tola: Rs. 8,117 (-153)
- Silver, 24K per 10 grams: Rs. 6,959 (-131)
In the international market, silver prices also recorded a decline, falling by $1.53 to settle at $76.33 per ounce as global precious metals markets retreated following the previous session’s gains.
The pullback in global silver markets was reflected in domestic prices, as traders and investors adopted a cautious approach ahead of the Eid ul Adha holiday period.
READ: Silver rebounds strongly in Pakistan as global market recovers ahead of Eid ul Adha
With market activity expected to slow significantly during the festival, buying interest remained limited throughout the session.
A Volatile Week for Silver
Tuesday’s decline comes after a powerful recovery on Monday, May 25, when silver prices surged by Rs. 236 per tola to settle at Rs. 8,270, marking one of the strongest single-session gains recorded in recent weeks. International silver had also staged a strong recovery on Monday, gaining $2.36 to settle at $77.86 per ounce, driving fresh buying interest across domestic markets.
The previous week had also seen significant swings. Silver prices had held flat on both Friday, May 22, and Saturday, May 23, at Rs. 8,034 per tola, after recovering from a sharp dip below the key Rs. 8,000 mark on Wednesday, May 20, when prices had fallen by Rs. 125 per tola to settle at Rs. 7,974. Thursday, May 21, had then brought a welcome reversal, with silver climbing back above Rs. 8,000 by gaining Rs. 60 per tola.
Despite Tuesday’s decline, silver prices remain well above the Rs. 8,000 mark, continuing to hold at elevated levels compared to the lows recorded earlier in the month.
Below All-Time High Levels
While silver prices in Pakistan remain significantly below their all-time highs, the metal has been on a broadly upward trajectory over the past year. Silver had previously traded above Rs. 10,000 per tola in 2026, when international silver prices climbed above $100 per ounce, reflecting strong global demand and bullish investor sentiment at the time.
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The current price of Rs. 8,117 per tola, while well below that peak, continues to reflect a broadly supported market. With international silver now trading at $76.33 per ounce, market analysts will be watching closely whether the post-Eid sessions bring a fresh wave of buying interest or another period of consolidation.
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 growing industrial demand and a global shift toward renewable energy, which has significantly increased the use of silver in solar panel production.
With global economic uncertainty and a broader rally in precious metals continuing to provide underlying support, silver remains well positioned at current levels despite Tuesday’s short-term dip.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for 999 purity (24K).
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