Silver Rate in Pakistan declined on Tuesday, with the white metal giving back a portion of recent gains. The 24-karat silver rate fell by Rs. 62, closing at Rs. 7,038 per tola.
Follow Times of Karachi on Google News and add as a preferred Source on Google
This modest decline follows Monday’s pause, suggesting that the silver market consolidation continues as the metal struggles to maintain momentum above the Rs. 7,000 level.
In 10 grams, 24-karat silver decreased by Rs. 54 to Rs. 6,033. The declines across both measurements indicate renewed selling pressure in the white metal.
The drop was driven by weakness in global markets. The international silver price fell by $0.62 to $65.60, retreating from recent levels. This global softness provided a bearish cue for local traders.
Since the late August peak near Rs. 7,329, silver has retreated approximately Rs. 290 per tola. The metal remains above the July lows near Rs. 6,000, but the failure to hold above Rs. 7,100 suggests continued weakness in the near term.
A day earlier, Silver rate in Pakistan remained unchanged on Monday, with the 24-karat silver rate holding at Rs. 7,100 per tola after last week’s strong recovery.
The stability followed a Rs. 300 increase on Friday, indicating a pause in the market as buyers and sellers remained relatively balanced at current price levels.
The price of 24-karat silver remained unchanged at Rs. 7,100 per tola. For 10 grams, 24-karat silver also held steady at Rs. 6,087.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
