Karachi silver prices today recorded an extraordinary recovery, with the metal surging sharply across all categories as global precious metals markets rallied with full force alongside gold, delivering the most powerful single-session advance for Pakistan’s silver market in several weeks and pushing domestic prices to their highest levels since before the mid-July correction.
Follow Times of Karachi on Google News and add as a preferred Source on Google
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola surged by Rs. 273, settling at Rs. 6,624.
The price of 24-karat silver per 10 grams also jumped by Rs. 235, settling at Rs. 5,679.
Karachi Silver prices today, August 5, 2026:
- Silver, 24K per tola: Rs. 6,624 (+273)
- Silver, 24K per 10 grams: Rs. 5,679 (+235)
International silver prices also surged dramatically, rising by $2.73 to settle at $61.45 per ounce, pushing global rates back above the key $61 level and delivering one of the strongest single-session gains seen for the metal in recent weeks.
The powerful rally in global silver rates was reflected in domestic pricing, with Karachi silver prices climbing sharply across all categories throughout the session.
Wednesday’s gain of Rs. 273 per tola is the largest single positive session recorded for Pakistan’s silver market in several weeks, and has effectively reversed the bulk of the losses accumulated during the long and painful correction of mid to late July in a single day.
Karachi Silver Prices Deliver the Biggest Single-Day Gain in Weeks
Wednesday’s powerful advance builds on two previous days of modest gains. Tuesday had seen Karachi silver prices rise by Rs. 60 per tola to Rs. 6,351, and Monday had added Rs. 54 per tola to Rs. 6,291, two contained but back-to-back positive sessions that had provided an early signal of improving sentiment.
READ: Karachi silver prices climb above Rs. 6,300 per tola
Wednesday’s Rs. 273 per tola surge has now dramatically accelerated that recovery, pushing Karachi silver prices to levels not seen since the early stages of the mid-July correction.
The cumulative three-session recovery of Rs. 387 per tola over Monday, Tuesday, and Wednesday now represents one of the most significant short-term rebounds Pakistan’s silver market has delivered in recent memory, and has transformed the near-term picture from one of deep uncertainty to one of genuine momentum and renewed confidence.
Karachi Silver Prices Surge Past Rs. 6,600 and Eye Rs. 7,000
At Rs. 6,624 per tola, Karachi silver prices have now pushed well above the Rs. 6,600 mark, a level not seen since before the devastating mid-July correction had pushed prices toward Rs. 6,000.
International silver at $61.45 per ounce has also reclaimed the $61 level and is approaching territory not visited since the early part of July, reflecting a dramatically improved global picture for the metal.
Follow the Times of Karachi channel on WhatsApp
With Karachi silver prices now sitting significantly above the multi-month lows of just two weeks ago, the Rs. 7,000 mark, which had seemed a distant prospect during the worst of July’s correction, is back in view as a realistic target if Wednesday’s momentum can be sustained.
Market Outlook Turns Decisively More Optimistic
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 extraordinary surge, coming after two consecutive sessions of positive movement, represents the most convincing recovery signal Pakistan’s silver market has produced since the mid-July correction began.
Traders and investors will be watching very closely whether Karachi silver prices can sustain Wednesday’s powerful momentum in the sessions ahead and push back toward and above the Rs. 7,000 level, or whether the familiar pattern of sharp gains being quickly reversed reasserts itself as August progresses.
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
