Silver prices in Pakistan recorded a modest decline on Friday, slipping across all categories as domestic precious metals markets reopened cautiously on the first trading session following the Eid ul Adha holiday period.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola decreased by Rs. 83, settling at Rs. 8,034.
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Similarly, the rate of 24-karat silver per 10 grams also fell by Rs. 72, closing at Rs. 6,887, as buying activity remained subdued across the domestic market on the post-Eid return.
Silver rates in Pakistan on Friday, May 29, 2026:
- Silver, 24K per tola: Rs. 8,034 (-83)
- Silver, 24K per 10 grams: Rs. 6,887 (-72)
In the international market, silver prices also recorded a decline, falling by $0.83 to settle at $75.50 per ounce as global precious metals markets retreated slightly.
The mild pullback in global silver markets was reflected in domestic prices, as traders and investors returned to the market after the Eid ul Adha holidays with a cautious and reserved approach. With limited fresh economic triggers available in the immediate post-holiday session, buying interest remained relatively subdued throughout the day.
A Volatile Pre-Eid Period
Friday’s marginal decline follows a turbulent pre-Eid period for silver prices in Pakistan. The last session before the holiday on Tuesday, May 26, had seen silver prices slip by Rs. 153 per tola to settle at Rs. 8,117, as global precious metals markets came under mild selling pressure ahead of the festival.
READ: Silver prices slip in Pakistan as international market pulls back
Prior to that, silver had staged a powerful recovery on Monday, May 25, surging 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 gained $2.36 to settle at $77.86 per ounce on that day, driving fresh buying interest across domestic markets.
The week before 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.
Below All-Time High Levels
Despite Friday’s decline, silver prices in Pakistan remain above the key Rs. 8,000 mark and continue to hold at broadly supported levels. While the metal remains significantly below its all-time highs, having previously traded above Rs. 10,000 per tola in early 2026 when international silver climbed above $100 per ounce, the current price of Rs. 8,034 per tola reflects a market that remains well supported by underlying demand.
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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.
Market watchers will be closely monitoring whether the post-Eid sessions bring a fresh wave of buying interest or another period of consolidation at current levels.
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
