Pakistan’s bullion market recorded another devastating session on Saturday, as silver prices collapsed sharply across all categories for the fourth consecutive day, pushing domestic prices dangerously close to the Rs. 7,000 mark as global precious metals markets suffered a massive drop.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola plunged by Rs. 463, settling at Rs. 7,267.
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Similarly, the rate of 24-karat silver per 10 grams also crashed by Rs. 421, closing at Rs. 6,202.
Silver rates in Pakistan on Saturday, June 6, 2026:
- Silver, 24K per tola: Rs. 7,267 (-463)
- Silver, 24K per 10 grams: Rs. 6,202 (-421)
In the international market, silver prices also witnessed a massive collapse, plunging by $4.635 to settle at $67.885 per ounce as global precious metals markets came under extremely heavy pressure.
The catastrophic drop in global silver markets was immediately reflected in domestic prices.
A Week of Relentless Losses
Saturday’s devastating decline extends what has been a deeply painful week for silver prices in Pakistan. Friday, June 5, had seen silver slip by Rs. 67 per tola to settle at Rs. 7,730, marking the third consecutive session of losses at that point. Thursday, June 4, had seen a decline of Rs. 97 per tola to settle at Rs. 7,797, while Wednesday, June 3, had been the session that broke the key Rs. 8,000 mark, with silver plunging by Rs. 259 per tola to settle at Rs. 7,894.
READ: Silver extends three-day losing streak in Pakistan as prices hit lowest level in weeks
Before the current losing streak began, 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.
The combined losses over the past four sessions now stand at a staggering Rs. 886 per tola, representing one of the most dramatic and swift reversals in domestic silver prices recorded in recent weeks. Saturday’s collapse has now pushed domestic silver prices to their lowest level in several months, with the metal dangerously close to breaching the key Rs. 7,000 mark for the first time in a significant period.
Below All-Time High Levels
Saturday’s collapse pushes silver prices dramatically 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. 7,267 per tola remains significantly below that peak and represents a dramatic fall from the levels recorded just days ago. With international silver now trading at $67.885 per ounce following Saturday’s massive drop, market analysts will be watching closely whether this sharp decline represents an extreme but temporary correction or signals the beginning of a more prolonged period of weakness.
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 any meaningful recovery in the coming sessions or faces further downward pressure as the new trading week begins.
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
