Karachi silver prices today recorded a sharp decline, with the metal retreating significantly across all categories after Friday’s gains, as global precious metals markets came under renewed pressure alongside gold.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola fell by Rs. 397, settling at Rs. 7,112.
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The price of 24-karat silver per 10 grams also declined by Rs. 340, settling at Rs. 6,097.
Karachi silver prices today, August 29, 2026:
- Silver, 24K per tola: Rs. 7,112 (-397)
- Silver, 24K per 10 grams: Rs. 6,097 (-340)
International silver prices also fell sharply, declining by $3.97 to settle at $66.33 per ounce, pulling global rates well off their recent highs and extending the weakness seen across precious metals on Saturday.
The decline in global silver rates was reflected in domestic pricing, with Karachi silver prices falling sharply across all categories throughout the session.
The scale of today’s fall is considerably larger than the modest gains seen over the past sessions, wiping out much of that ground in a single day.
Karachi Silver Prices Erase Recent Gains
Saturday’s sharp decline follows Friday’s gain of Rs. 180 per tola, which had pushed Karachi Silver prices above Rs. 7,500 and offered signs that the metal was building on its recent momentum.
READ: Silver prices in Karachi rise above Rs. 7,500 per tola
Saturday’s fall of Rs. 397 per tola has comprehensively reversed that gain, pushing prices back to their lowest level in over a week.
The broader picture for Karachi silver prices over the past month has been one of a steady climb followed by a sudden reversal, with Saturday’s fall standing out as one of the sharper single-day corrections seen recently.
Karachi Silver Prices Fall Back Below Rs. 7,200
At Rs. 7,112 per tola, Karachi silver prices have now moved back below the Rs. 7,200 level, a threshold the metal had comfortably held through most of the past week.
International silver at $66.33 per ounce has also pulled back notably from its recent highs, suggesting global weakness is the main driver behind Saturday’s domestic decline.
Market Outlook Remains Under Pressure
Pakistan 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.
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Saturday’s sharp decline reinforces a more cautious tone surrounding the metal, following weeks of a fairly steady climb.
Traders and investors will be watching closely whether Karachi silver prices can stabilize around current levels or whether the downward pressure intensifies further in the sessions ahead as global conditions continue to evolve.
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
