Silver prices in Pakistan recorded another decline on Thursday, slipping further across all categories as global precious metals markets remained under pressure, extending the losses recorded in the previous session and keeping prices well below the key Rs. 8,000 mark.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola decreased by Rs. 97, settling at Rs. 7,797.
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Similarly, the rate of 24-karat silver per 10 grams also fell by Rs. 83, closing at Rs. 6,684, as selling activity continued to outpace buying interest across the domestic market.
Silver rates in Pakistan on Thursday, June 4, 2026:
- Silver, 24K per tola: Rs. 7,797 (-97)
- Silver, 24K per 10 grams: Rs. 6,684 (-83)
In the international market, silver prices also recorded a further decline, falling by $0.911 to settle at $73.189 per ounce as global precious metals markets continued to struggle following the previous session’s heavy sell-off.
The continued weakness in global silver markets was reflected in domestic prices, as traders and investors remained cautious with no significant fresh buying interest emerging to arrest the downward trend. With selling pressure persisting for a second consecutive session, silver prices extended their losses and pushed further below the key Rs. 8,000 mark.
A Difficult Few Sessions for Silver
Thursday’s decline follows a steep fall on Wednesday, June 3, when silver prices had plunged sharply by Rs. 259 per tola to settle at Rs. 7,894, breaking below the key Rs. 8,000 mark for the first time in several sessions. International silver had also fallen heavily by $2.59 to settle at $74.10 per ounce on that day as global markets came under significant selling pressure.
READ: Silver plunges below key Rs. 8,000 mark as Pakistan bullion market records steep decline
Prior to Wednesday’s steep decline, silver had recorded two consecutive positive sessions. On Tuesday, June 2, prices had gained Rs. 94 per tola to settle at Rs. 8,153, while Monday, June 1, had also seen a modest gain of Rs. 46 per tola to settle at Rs. 8,059.
Thursday’s further decline of Rs. 97 per tola extends the losing streak to two consecutive sessions, pushing domestic silver prices further away from the key Rs. 8,000 level. The combined losses over the past two sessions now stand at Rs. 356 per tola, representing a significant and swift reversal from the highs recorded earlier in the week.
Below All-Time High Levels
Thursday’s decline pushes silver prices further below their all-time highs in Pakistan. The metal had previously traded above Rs. 10,000 per tola in early 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. 7,797 per tola remains significantly below that peak. With international silver now trading at $73.189 per ounce and showing continued weakness, market analysts will be watching closely whether this represents a temporary period of correction or the beginning of a more sustained downward trend.
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 silver can stage a recovery and reclaim the key Rs. 8,000 mark in the coming sessions or faces further downward pressure in the near term.
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
