Silver Rate in Pakistan edged lower on Tuesday, with 24-karat silver declining by Rs20 to close at Rs6,558 per tola.
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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.
The relatively small movement suggests that silver prices were more stable compared with the previous session, although the market remains below its recent highs.
The decline in domestic silver prices followed a marginal fall in international markets. The international silver price decreased by $0.20 to $60.80 per ounce.
The smaller global movement provided limited downward pressure on local silver prices compared with Monday’s sharp decline.
Silver has fallen significantly from its late-August peak of around Rs7,329 per tola. At Tuesday’s rate of Rs6,558, silver is approximately Rs770 below its recent peak. However, the metal remains above the July lows of around Rs6,000 per tola.
The slower pace of decline may indicate reduced selling pressure, although future movements will depend on international silver prices and exchange-rate conditions.
A day earlier, silver rate in Pakistan fell sharply, with the 24-karat silver price declining by Rs325 per tola to close at Rs6,578.
The latest decline pushed silver below the Rs6,600 level and brought the metal closer to its recent lows amid weakness in international silver prices.
The silver rates are certified by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) and are based on interbank exchange rates for 999 purity (24-karat silver).
