Pakistan’s bullion market recorded another subdued session on Thursday, as silver prices continued to slide across all categories, extending the recent run of losses as global precious metals markets remained under pressure for yet another consecutive session.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola declined by Rs. 40, settling at Rs. 6,889.
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Similarly, the rate of 24-karat silver per 10 grams also fell by Rs. 36, closing at Rs. 5,857, as selling activity continued to dominate the domestic market.
Silver rates in Pakistan on Thursday, June 11, 2026:
- Silver, 24K per tola: Rs. 6,889 (-40)
- Silver, 24K per 10 grams: Rs. 5,857 (-36)
In the international market, silver prices also edged lower, declining by $0.40 to settle at $64.10 per ounce as global precious metals markets remained under modest but persistent selling pressure.
The continued weakness in global silver markets was reflected in domestic prices, as traders remained cautious and fresh buying interest stayed limited throughout Thursday’s session. While the scale of Thursday’s decline is noticeably smaller than Wednesday’s devastating plunge, the direction of movement remains unchanged – downward.
Modest Losses Follow Wednesday’s Brutal Collapse
Thursday’s decline follows Wednesday’s sharp drop of Rs. 385 per tola, which had pushed domestic silver prices firmly below the key Rs. 7,000 mark for the first time in several months. Wednesday had been one of the most painful sessions of the recent correction, and while Thursday’s fall of Rs. 40 per tola is far smaller in comparison, it confirms that no recovery has yet emerged.
READ: Silver prices slip below key Rs. 7,000 mark in Pakistan as rates collapse to multi-month lows
The recent period has been deeply difficult for silver investors in Pakistan. Saturday, June 6, had seen silver crash by Rs. 463 per tola to Rs. 7,267. Monday, June 8, extended those losses by Rs. 94 per tola to Rs. 7,173. Tuesday, June 9, brought a brief recovery of Rs. 141 per tola, which proved entirely short-lived as Wednesday’s devastating decline of Rs. 385 per tola broke through the Rs. 7,000 mark decisively. Thursday’s further fall of Rs. 40 per tola means prices have now drifted even lower, with no floor yet clearly established.
Prices Remain Well Below the Key Rs. 7,000 Mark
With Thursday’s decline, domestic silver prices remain firmly entrenched below the key Rs. 7,000 per tola mark, keeping investor sentiment under pressure. The failure to reclaim this important psychological level continues to cast a shadow over the near-term outlook for the metal.
At Rs. 6,889 per tola, silver prices remain dramatically below the all-time highs recorded in early 2026, when domestic rates had traded above Rs. 10,000 per tola and international silver had climbed above $100 per ounce. With international silver now trading at $64.10 per ounce, market analysts will be watching closely whether prices can find a base at current levels or face renewed selling pressure in the sessions ahead.
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Silver, widely used in industrial sectors including electronics and solar panel manufacturing, remains highly sensitive to shifts in international demand and investor outlook. The metal continues to benefit from long-term structural demand driven by the global shift toward renewable energy, but near-term sentiment has clearly turned cautious.
Market watchers will be closely monitoring whether silver can stage any meaningful recovery and reclaim the key Rs. 7,000 mark in the coming sessions, or whether the path of least resistance continues to point lower.
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
