Pakistan’s bullion market recorded another negative session on Monday, as silver prices declined for the fifth consecutive trading day, pushing domestic rates closer to the key Rs. 7,000 per tola level amid continued weakness in international markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola fell by Rs. 94, settling at Rs. 7,173.
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Similarly, the rate of 24-karat silver per 10 grams declined by Rs. 86 to close at Rs. 6,116.
Silver rates in Pakistan on Monday, June 8, 2026:
- Silver, 24K per tola: Rs. 7,173 (-94)
- Silver, 24K per 10 grams: Rs. 6,116 (-86)
In the international market, silver prices also moved lower, falling by $0.944 to settle at $66.941 per ounce.
The continued weakness in global silver prices was immediately reflected in Pakistan’s domestic market, extending the metal’s ongoing losing streak.
A Week of Relentless Losses
Monday’s decline marks the fifth consecutive losing session for silver prices in Pakistan.
On Saturday, June 6, silver had plunged by Rs. 463 per tola to settle at Rs. 7,267, following losses of Rs. 67 on Friday and Rs. 97 on Thursday.
READ: Silver drops for fourth consecutive day in Pakistan as prices inch closer to Rs. 7,000 mark
Wednesday, June 3, had seen silver break below the Rs. 8,000 mark after dropping Rs. 259 per tola to settle at Rs. 7,894.
Prior to the current downturn, silver had recorded gains on June 1 and June 2, reaching Rs. 8,153 per tola before the market reversed sharply.
The latest decline further extends the cumulative losses recorded over the past week, leaving domestic silver prices at their lowest levels in several months.
Closing in on the Rs. 7,000 Threshold
Monday’s drop has brought silver prices within touching distance of the psychologically important Rs. 7,000 per tola mark.
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The current rate of Rs. 7,173 per tola remains substantially below the all-time highs witnessed earlier in 2026, when silver traded above Rs. 10,000 per tola amid a strong rally in global precious metals markets.
With international silver now trading at $66.941 per ounce, market analysts will be watching closely to see whether the metal can stabilize in the coming sessions or whether further weakness could push domestic prices below the Rs. 7,000 mark.
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.
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
