Karachi silver prices today recorded a meaningful recovery, with the metal bouncing back across all categories after Thursday’s sharp decline had pushed prices to fresh multi-month lows, as global precious metals markets rallied alongside gold and domestic silver prices moved back above the Rs. 6,290 mark to close July on a more encouraging note.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola rose by Rs. 79, settling at Rs. 6,294.
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The price of 24-karat silver per 10 grams also climbed by Rs. 68, settling at Rs. 5,396.
Karachi Silver prices today, July 31, 2026:
- Silver, 24K per tola: Rs. 6,294 (+79)
- Silver, 24K per 10 grams: Rs. 5,396 (+68)
International silver prices also moved higher, rising by $0.79 to settle at $58.15 per ounce, recovering from Thursday’s losses and moving back toward the upper end of the narrow range that has characterized global silver markets throughout the second half of July.
The recovery in global silver rates was reflected in domestic pricing, with Karachi silver prices today climbing steadily across all categories throughout the session.
Friday’s gain of Rs. 79 per tola is the strongest positive session for the metal in several days, and it has reversed all of Thursday’s sharp decline of Rs. 76 per tola in a single session.
Karachi Silver Prices Bounce Back After Thursday’s Sharp Fall
Thursday had seen Karachi silver prices fall sharply by Rs. 76 per tola to Rs. 6,215, erasing Wednesday’s recovery of Rs. 68 per tola and pushing prices to their lowest levels since the worst of the mid-July correction.
READ: Silver prices in Karachi recover slightly after Tuesday’s sharp fall
That fall had raised fresh and serious concerns about whether the Rs. 6,000 level might come back into play, making Friday’s recovery of Rs. 79 per tola all the more significant and welcome.
The pattern of alternating sharp declines and modest recoveries that has characterized Pakistan’s silver market throughout July has once again played out, but Friday’s recovery is one of the stronger positive sessions seen in several weeks and provides a more constructive platform heading into August.
Karachi Silver Prices Close July Just Below Rs. 6,300
At Rs. 6,294 per tola, Karachi silver prices today are closing July just below the Rs. 6,300 mark, a level that has repeatedly served as a reference point throughout the second half of the month.
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International silver at $58.15 per ounce is also closing the month in a slightly improved position compared to Thursday’s close, though the metal remains well below the $60 threshold and the levels seen earlier in July.
Market Closes July With Cautious Relief
Karachi silver prices today continue to be influenced by global industrial demand, particularly from sectors such as electronics and renewable energy, alongside broader shifts in investor sentiment.
Friday’s recovery provides a degree of relief after what has been an extraordinarily difficult July for Pakistan’s silver market, but the broader picture remains uncertain and a genuine and sustained recovery has yet to be established.
Traders and investors will be watching closely whether Karachi silver prices can build on Friday’s recovery at the start of August and push back toward and above the Rs. 6,500 level, or whether the metal once again faces the renewed selling pressure that has thwarted every recovery attempt throughout the second half of July.
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
