Karachi Silver prices today recorded a sharp decline, with the metal giving back Wednesday’s recovery almost entirely as global precious metals markets came under renewed pressure and domestic silver prices fell to their lowest levels since the worst of the mid-July correction.
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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. 76, settling at Rs. 6,215.
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The price of 24-karat silver per 10 grams also declined by Rs. 65, settling at Rs. 5,328.
Karachi Silver prices today, July 30, 2026:
- Silver, 24K per tola: Rs. 6,215 (-76)
- Silver, 24K per 10 grams: Rs. 5,328 (-65)
International silver prices also fell notably, declining by $0.76 to settle at $57.36 per ounce, reversing Wednesday’s modest recovery and pulling global rates back toward the lower end of the range seen throughout the second half of July.
The decline in global silver rates was reflected in domestic pricing, with Karachi silver prices falling across all categories throughout the session.
Thursday’s fall of Rs. 76 per tola has now erased virtually all of Wednesday’s recovery of Rs. 68 per tola, reinforcing the frustrating pattern of brief one-session recoveries being quickly and almost completely reversed that has dominated Pakistan’s silver market throughout July.
Karachi Silver Prices Today Reverse Wednesday’s Recovery
Thursday’s sharp decline follows Wednesday’s encouraging recovery of Rs. 68 per tola to Rs. 6,291, which had offered a tentative sign that the market might be finding a floor after Tuesday’s devastating fall of Rs. 174 per tola.
READ: Silver prices in Karachi recover slightly after Tuesday’s sharp fall
That hope has been largely extinguished by Thursday’s decline, which has pushed Karachi silver prices back down to Rs. 6,215 per tola, even lower than Tuesday’s close of Rs. 6,223 per tola and the weakest level recorded since the historic lows of mid-July.
The pattern that has emerged for Pakistan’s silver market throughout the second half of July is deeply concerning.
Every attempt at recovery has been met with renewed weakness, and the brief positive sessions of Wednesday and Monday have both been quickly reversed by larger declines.
With Thursday’s fall pushing Karachi silver prices to fresh recent lows, the metal is closing July in a fragile and uncertain position.
Karachi Silver Prices Remain Near Multi-Month Lows
At Rs. 6,215 per tola, Karachi silver prices remain at one of their lowest sustained levels in several months, sitting uncomfortably close to the Rs. 6,000 mark that came into focus during the sharp correction in mid-July.
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International silver, at $57.36 per ounce, also remains near its recent lows, reflecting the persistent weakness in global precious metals markets throughout the second half of July.
Market Outlook Remains Under Pressure Ahead of August
Karachi 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.
July has been a challenging month for Pakistan’s silver market, and traders will be watching closely to see whether prices can stabilize in the coming sessions or remain under pressure as August approaches.
Traders and investors will be watching closely at the start of August whether Karachi Silver prices can finally find sustained support around current levels and begin a meaningful recovery, or whether the Rs. 6,000 mark comes back into serious contention 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
