Karachi silver prices recorded another sharp and powerful advance on Friday, with the metal surging strongly across all categories as global precious metals markets rallied alongside gold, pushing domestic silver prices to their highest levels in several weeks and bringing the psychologically important Rs. 7,000 per tola mark within striking distance.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat silver per tola surged by Rs. 280, settling at Rs. 6,939.
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The price of 24-karat silver per 10 grams also jumped by Rs. 240, settling at Rs. 5,949.
Karachi Silver prices today, August 7, 2026:
- Silver, 24K per tola: Rs. 6,939 (+280)
- Silver, 24K per 10 grams: Rs. 5,949 (+240)
International silver prices also surged powerfully, rising by $2.80 to settle at $64.60 per ounce, building on Thursday’s strong gains and pushing global rates to multi-week highs as precious metals markets continued their extraordinary rally.
The powerful advance in global silver rates was reflected in domestic pricing, with Karachi silver prices climbing sharply across all categories throughout the session.
Three consecutive sessions of meaningful gains have now delivered a dramatic transformation for Pakistan’s silver market, which had been mired in multi-month lows just two weeks ago.
Karachi Silver Prices Complete a Five-Session Recovery of Historic Scale
Friday’s powerful advance followed Thursday’s gain of Rs. 35 per tola to Rs. 6,659, a more modest session compared to Wednesday’s extraordinary surge of Rs. 273 per tola, but still a positive close that kept the recovery firmly on track.
READ: Karachi silver prices surge above Rs. 6,600 per tola
The rally actually began earlier in the week. Monday saw Karachi silver prices rise by Rs. 54 per tola to Rs. 6,291, followed by another gain of Rs. 60 per tola on Tuesday, taking prices to Rs. 6,351.
Those back-to-back increases laid the foundation for the much stronger advances that followed on Wednesday, Thursday, and Friday.
Together, the five consecutive sessions have added a combined Rs. 702 per tola to Karachi silver prices, delivering one of the fastest short-term recoveries the metal has seen in recent memory.
The scale of the recovery is even more remarkable considering where Karachi silver prices stood just two weeks ago.
At the depths of the mid-July correction, domestic silver had fallen to as low as Rs. 6,029 per tola, with the Rs. 6,000 mark appearing dangerously close.
From that low point, Karachi silver prices have now recovered by more than Rs. 900 per tola, bringing the metal back to levels not seen since before the sharp July correction began.
Karachi Silver Prices Close in on the Rs. 7,000 Mark
At Rs. 6,939 per tola, Karachi silver prices are within touching distance of the Rs. 7,000 mark, the key psychological threshold that the market had repeatedly struggled to hold above during the volatile July period.
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Whether prices can push through and sustain above that level in the coming sessions will be the most important test for the recovery’s durability.
International silver at $64.60 per ounce has also moved to multi-week highs, with the global picture looking considerably brighter than at any point since before the mid-July correction began.
Market Outlook Strongly Positive
Karachi silver prices continue to be influenced by global industrial demand, particularly from sectors such as electronics and renewable energy, alongside broader shifts in investor sentiment and geopolitical developments.
Five consecutive sessions of strong gains is the most convincing recovery signal Pakistan’s silver market has produced in several months, and the near-term outlook has shifted decisively from cautious to positive.
Traders and investors will be watching closely whether Karachi silver prices can push above the Rs. 7,000 mark in the sessions ahead and build further on the remarkable five-session recovery, or whether the market faces resistance and profit-taking at current elevated levels.
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
