Karachi Silver prices today recorded another decline on Wednesday, with the metal slipping further across all categories and moving dangerously close to the Rs. 6,000 per tola level as global precious metals markets continued to face broad pressure alongside a steep fall in gold.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola fell by Rs. 107, settling at Rs. 6,242.
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The price of 24-karat silver per 10 grams also declined by Rs. 92, settling at Rs. 5,351.
Karachi Silver prices today on Wednesday, July 1, 2026:
- Silver, 24K per tola: Rs. 6,242 (-107)
- Silver, 24K per 10 grams: Rs. 5,351 (-92)
International silver prices also declined, falling by $1.07 to settle at $57.63 per ounce, pushing global rates to fresh recent lows and reversing the modest uptick seen in the previous session.
The decline in global silver rates was reflected in domestic pricing, with prices falling across all categories throughout Wednesday’s session.
Tuesday’s small gain of Rs. 25 per tola had offered a brief moment of relief after a prolonged run of losses, but Wednesday’s far larger decline of Rs. 107 per tola has quickly reversed that and then some, leaving prices closer to the Rs. 6,000 mark than at any point in recent months.
Tuesday’s Brief Recovery Proves Short-Lived
Wednesday’s decline follows Tuesday’s modest gain of Rs. 25 per tola, which had been the first positive session in several days and had briefly raised hopes that the market might be finding a floor after its extended run of losses.
READ: Karachi Silver prices today: Slight recovery after days of decline
However, that small uptick has now been entirely reversed in a single session, maintaining the broader pattern of brief and ineffective recoveries that has characterised the market throughout June.
The broader picture remains one of persistent and deep weakness. Silver had briefly recovered above Rs. 7,500 per tola during the three-session rally in mid-June, only for that recovery to be entirely reversed by a series of sharp falls in the sessions that followed.
Wednesday’s rate of Rs. 6,242 per tola now sits dramatically below that brief high, with the cumulative losses of the past few weeks representing one of the most significant corrections Pakistan’s silver market has seen in recent memory.
Prices Edge Closer to the Key Rs. 6,000 Mark
At Rs. 6,242 per tola, domestic silver prices have now moved to within striking distance of the Rs. 6,000 per tola level, a psychologically significant threshold that the market has not tested in a very long time.
Whether prices can find support before reaching that level or continue to drift lower will be the key question for the market in the sessions ahead.
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International silver at $57.63 per ounce reflects a similarly weak global picture, with prices continuing to move further away from the $60 level that had already been broken in recent sessions.
Market Outlook Remains Uncertain
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.
While the long-term structural case for silver remains intact, near-term price action continues to offer little comfort, with Wednesday’s decline erasing the only positive session seen in the past several weeks.
Karachi Silver prices today continue to depend on international silver markets, the rupee-dollar exchange rate, and overall investor sentiment.
Traders and investors will closely monitor whether prices can stabilise around current levels or whether the Rs. 6,000 mark comes into play in the sessions ahead.
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
