Karachi silver prices today recorded a notable decline, with the metal retreating across all categories as global precious metals markets came under pressure alongside gold, reversing Friday’s recovery and pushing domestic silver prices back toward the lower end of the range seen throughout the past two weeks.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola declined by Rs. 57, settling at Rs. 6,237.
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The price of 24-karat silver per 10 grams also fell by Rs. 49, settling at Rs. 5,347.
Karachi Silver prices today, August 1, 2026:
- Silver, 24K per tola: Rs. 6,237 (-57)
- Silver, 24K per 10 grams: Rs. 5,347 (-49)
International silver prices also declined notably, slipping by $0.57 to settle at $57.58 per ounce, reversing Friday’s recovery and pulling global rates back below the $58 level as the first session of August opened under pressure.
The decline in global silver rates was reflected in domestic pricing, with Karachi silver prices falling across all categories throughout the session.
Saturday’s fall of Rs. 57 per tola has reversed most of Friday’s recovery of Rs. 79 per tola, once again demonstrating the frustrating pattern of brief positive sessions being quickly and largely reversed that has characterzed Pakistan’s silver market throughout the second half of July and now into the opening day of August.
Karachi Silver Prices Open August on the Back Foot
Saturday’s decline follows Friday’s meaningful recovery of Rs. 79 per tola to Rs. 6,294, which had offered a degree of relief after Thursday’s steep fall of Rs. 76 per tola had pushed prices to their lowest levels since mid-July’s historic lows.
READ: Karachi silver prices rebound near Rs. 6,300 per tola
Friday’s gain had raised cautious hopes that the market might be finding a more stable floor heading into August, but Saturday’s decline of Rs. 57 per tola has largely extinguished those hopes in the very first session of the new month.
The pattern that has emerged for Karachi silver prices over the past two weeks is one of repeated failed recoveries, brief one-day gains being met with larger declines in the sessions that follow, leaving the metal unable to establish any sustained upward momentum.
Saturday’s performance continues that pattern, and at Rs. 6,237 per tola, Karachi silver prices are once again sitting close to the multi-month lows that have threatened to give way to a test of the Rs. 6,000 mark.
Karachi Silver Prices Remain Dangerously Close to Rs. 6,200
At Rs. 6,237 per tola, Karachi silver prices today are hovering at levels that remain uncomfortably close to the Rs. 6,000 threshold that had come into serious view during the worst of mid-July’s correction.
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International silver at $57.58 per ounce has moved back below $58, reflecting a broadly weak global picture for the metal as August begins.
Market Outlook Remains Under Pressure
Karachi silver prices today continue to be influenced by global industrial demand, particularly from sectors such as electronics and renewable energy, alongside broader shifts in investor sentiment.
Saturday’s sharp reversal of Friday’s recovery is deeply discouraging and reinforces the sense that Pakistan’s silver market has yet to find a genuine and lasting floor after the severe losses of July.
Traders and investors will be watching closely in the coming sessions whether Karachi silver prices can finally establish a sustained base around current levels, or whether the Rs. 6,000 level comes back into play 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
