Pakistan’s bullion market saw silver prices fall sharply on Tuesday, breaking back below the Rs. 7,000 per tola mark just a day after Monday’s encouraging recovery had pushed the metal comfortably above that level, as global precious metals markets declined steeply alongside gold.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola dropped by Rs. 487, settling at Rs. 6,664.
Silver rates in Pakistan on Tuesday, June 23, 2026:
- Silver, 24K per tola: Rs. 6,664 (-487)
- Silver, 24K per 10 grams: Rs. 5,641 (-438)
International silver prices also fell sharply, declining by $4.861 to settle at $61.853 per ounce, pulling global rates to their lowest levels in several weeks and extending the broader weakness seen across precious metals markets.
The steep decline in international silver rates was directly reflected in domestic pricing, with prices falling across all categories throughout Tuesday’s session.
Monday’s recovery above Rs. 7,000 had raised hopes that the metal was rebuilding after its recent turbulent stretch, but Tuesday’s fall has reversed those gains decisively and then some.
Monday’s Encouraging Recovery Undone in a Single Session
Tuesday’s steep fall follows Monday’s gain of Rs. 189 per tola, which had pushed silver back above the Rs. 7,000 mark and appeared to signal that the market was finding a degree of stability after weeks of volatile swings.
READ: Silver prices climb back above Rs. 7,000 mark in Pakistan as recovery continues
That recovery had come after Friday’s devastating drop of Rs. 413 per tola had first broken below Rs. 7,000, followed by Saturday’s small bounce of Rs. 16 per tola.
Tuesday’s decline of Rs. 487 per tola has not only reversed Monday’s recovery entirely but has pushed prices to new lows well below where they stood even at the bottom of last week, leaving the market in a weaker position than at any point during the recent correction.
Falling to Fresh Lows Below Rs. 7,000
At Rs. 6,664 per tola, domestic silver prices have now fallen to their lowest levels in several months, sitting significantly below the Rs. 7,000 mark that the market has struggled to hold above in recent sessions.
The pattern of brief recoveries being quickly reversed by steep falls has now repeated itself multiple times, underlining just how difficult the current environment is for the metal.
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International silver at $61.853 per ounce has also moved to fresh recent lows, reflecting the broad and sustained weakness in global precious metals markets.
Market Outlook Remains Uncertain
Silver continues to be closely tied to 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, short-term price action has been dominated by sharp and unpredictable swings in both directions.
Market watchers will be closely monitoring whether silver can find support at current levels or whether fresh weakness continues in the sessions ahead, with the Rs. 7,000 mark now representing a key level that the market has so far been unable to hold above for any meaningful period.
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
