Karachi Silver prices today recorded a meaningful recovery, with the metal advancing across all categories even as gold edged lower, diverging positively from the broader precious metals trend and offering a degree of relief after Tuesday’s sharp and painful decline.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola rose by Rs. 68, settling at Rs. 6,291.
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The price of 24-karat silver per 10 grams also climbed by Rs. 58, settling at Rs. 5,393.
Karachi Silver prices today, July 29, 2026:
- Silver, 24K per tola: Rs. 6,291 (+68)
- Silver, 24K per 10 grams: Rs. 5,393 (+58)
International silver prices also moved higher, rising by $0.68 to settle at $58.12 per ounce, recovering modestly after Tuesday’s steep decline had pulled global rates back toward the lower end of the recent range.
The uptick in global silver rates was reflected in domestic pricing, with Karachi silver prices climbing steadily across all categories throughout the session.
The positive divergence from gold on the same day, with silver gaining while gold fell, is a notable development and suggests the metal may be finding a degree of independent support at current levels.
Karachi Silver Prices Bounce Back After Tuesday’s Steep Fall
Wednesday’s recovery follows Tuesday’s sharp decline of Rs. 174 per tola, which had pushed Karachi silver prices down to Rs. 6,223, their lowest level since the multi-month lows of mid-July and a deeply disappointing reversal of Monday’s Rs. 100 per tola recovery.
READ: Karachi silver prices sink below Rs. 6,250 per tola after market reversal
Tuesday’s fall had raised fresh concerns about whether the Rs. 6,000 mark might come back into view, making Wednesday’s rebound of Rs. 68 per tola all the more welcome.
Wednesday’s gain has now recovered a meaningful portion of Tuesday’s steep loss, pushing Karachi silver prices back near the Rs. 6,300 level.
While the recovery does not fully erase Tuesday’s damage, the positive direction of travel is encouraging and suggests the market is not yet ready to test the Rs. 6,000 threshold that had loomed large during the worst of July’s correction.
Karachi Silver Prices Move Back Toward Rs. 6,300
At Rs. 6,291 per tola, Karachi silver prices today are approaching the Rs. 6,300 level, with international silver at $58.12 per ounce also recovering from Tuesday’s lows.
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Whether the metal can push convincingly back above Rs. 6,300 and build further momentum in the coming sessions will be a key test of the near-term outlook.
Market Outlook Turns Tentatively More Positive
Pakistan silver prices continue to be influenced by global industrial demand, particularly from sectors such as electronics and renewable energy, alongside broader shifts in investor sentiment.
Wednesday’s recovery after Tuesday’s sharp fall, and the positive divergence from gold on the same day, offers a cautiously encouraging signal for the metal heading into the final days of July.
Traders and investors will be watching closely whether Karachi silver prices can sustain Wednesday’s recovery and push back toward the Rs. 6,400 level in the sessions ahead, or whether the familiar pattern of short-lived bounces followed by renewed weakness reasserts itself as August approaches.
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
