Pakistan’s bullion market witnessed a slight decline on Thursday as silver prices eased across all categories, snapping the previous recovery momentum and reflecting cautious sentiment in both domestic and global precious metals markets.
The latest movement comes after a series of volatile sessions in which silver had shown strong upward momentum before entering a phase of mild correction and consolidation.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola declined by Rs. 144, settling at Rs. 7,359.
Silver rates in Pakistan on Thursday, June 18, 2026:
- Silver, 24K per tola: Rs. 7,359 (-144)
- Silver, 24K per 10 grams: Rs. 6,268 (-123)
Similarly, international silver prices also edged lower, slipping by $1.44 to settle at $68.80 per ounce amid mild profit-taking and corrective pressure following recent fluctuations in global commodities.
The decline in global bullion markets was directly reflected in domestic pricing, as local markets tracked international cues closely.
Overall trading activity remained relatively balanced, with a cautious tone observed throughout the session.
Market pauses after recent volatility
Thursday’s decline appears to be part of a short-term consolidation phase following recent volatility in both domestic and international silver markets.
READ: Silver prices dip slightly in Pakistan after three-session winning streak
While the drop remains modest in scale, it highlights silver’s sensitivity to global economic signals, investor sentiment, and commodity-linked movements.
Market analysts noted that the current movement does not indicate a major reversal but rather a temporary pause after earlier fluctuations.
Prices remain within stable range
Despite the slight dip, silver prices continue to hold above recent support levels, suggesting that the broader market structure remains stable.
At Rs. 7,359 per tola, domestic silver is still trading within a relatively steady range compared to earlier swings, while international prices at $68.80 per ounce indicate a brief cooling period rather than sustained weakness.
This stability suggests that investors are still watching global cues carefully before making fresh directional moves.
Previous session: Strong recovery phase
A day earlier, silver had already shown signs of stabilization after a strong multi-session recovery streak.
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On Wednesday, silver had eased slightly by Rs. 6 per tola to settle at Rs. 7,503, following strong gains in earlier sessions.
The preceding recovery had been particularly notable:
- Monday gained Rs. 230 per tola
- Saturday added Rs. 200 per tola
- Friday rose by Rs. 190 per tola
Together, these three sessions had added Rs. 620 per tola to domestic silver prices, marking one of the strongest recovery phases in recent weeks.
That rally had helped prices climb back above the Rs. 7,500 level after earlier losses had pushed them down to Rs. 6,889 per tola during a corrective phase.
Holding above key levels
Despite Thursday’s mild decline, domestic silver prices remain close to key psychological levels, suggesting underlying resilience in the market.
The ability to sustain prices above recent support zones indicates that the recovery structure is still intact, even as short-term fluctuations continue.
International silver, now at $68.80 per ounce, will remain a key driver of domestic sentiment in the coming sessions.
Market outlook remains cautious
Silver remains a highly sensitive asset influenced by global industrial demand, especially from sectors such as electronics and renewable energy.
While long-term demand fundamentals remain supportive, short-term price action continues to reflect global economic uncertainty and shifting investor sentiment.
Market watchers will now closely monitor whether silver stabilizes at current levels or extends its corrective phase in line with global movements.
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
