Silver rate in Pakistan remained relatively stable on Wednesday, with the white metal posting a modest gain to close the month. The 24-karat silver rate rose by Rs. 20, closing at Rs. 6,578 per tola.
Follow Times of Karachi on Google News and add as a preferred Source on Google
This small uptick follows Tuesday’s minimal decline, suggesting that the white metal has found a temporary equilibrium after the recent volatility.
In 10 grams, 24-karat silver increased by Rs. 17 to Rs. 5,639. The modest gain indicates cautious buying interest at current levels.
The slight advance was supported by a stable global backdrop. The international silver price rose by $0.20 to $61.00, holding steady after recent declines. This global stability provided a neutral to slightly positive environment for local prices.
Since the late August peak near Rs. 7,329, silver has retreated approximately Rs. 750 per tola during September. The metal remains above the July lows near Rs. 6,000, but the failure to mount a significant recovery suggests that the white metal may continue to trade in a narrow range in the near term.
Earlier to this, silver rate in Pakistan edged lower on Tuesday, with 24-karat silver declining by Rs20 to close at Rs6,558 per tola.
The latest decline was considerably smaller than Monday’s Rs325 drop, indicating a calmer trading session following the recent sharp sell-off.
The 24-karat silver rate decreased by Rs20 per tola on Tuesday. For 10 grams, 24-karat silver fell by Rs17 to Rs5,622.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
