The bullion market saw silver prices suffer yet another severe blow on Friday, with the white metal extending its devastating losing streak.
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The silver rate in Karachi for 24-karat silver plunged by Rs. 126, closing at Rs. 6,029 per tola.
This marks the eighth consecutive session of losses for silver, pushing prices to their lowest levels in over a year. The silver market massacre shows absolutely no signs of letting up.
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Karachi Silver prices today, July 16, 2026:
- Silver, 24K per tola: Rs. 6,029 down by Rs. 126
- Silver, 24K per 10 grams: Rs. 5,168 down by Rs. 108
In 10 grams, 24-karat silver fell by Rs. 108 to Rs. 5,168. The persistent drops across both measurements underscore the unrelenting selling pressure in the white metal.
For daily updates visit our detailed Silver Price in Karachi page
The decline was driven by continued carnage in global markets. The international silver price per ounce tumbled by $1.26 to $55.50, its lowest level in recent memory. This global silver collapse continues to exert massive downward pressure on local prices.
Since its peak above Rs. 10,000 per tola in early March, silver has now lost over Rs. 4,000, representing a correction of more than 40%.
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All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
