Karachi, June 8, 2026: Silver prices in Pakistan have steadied near normal levels, with the precious metal trading at Rs. 7,200 per tola in the domestic market. This marks a significant retreat from the record highs witnessed in late 2025 and early 2026, as demand has normalized.
According to the Karachi Sarafa Association, the current rate for 10 grams of fine silver stands at Rs. 6,171, while per gram is quoted at Rs. 617.1. Analysts attribute the stabilization to reduced buying interest after a prolonged price spike, which prompted many investors to pause purchases.
The movement in silver prices often mirrors that of gold, which remains elevated at over Rs. 510,000 per tola locally amid global uncertainties. However, silver’s unique position as both a precious metal and an industrial metal provides it with distinct support. Industrial demand, particularly from the solar energy, electric vehicles, and electronics sectors, has remained robust, buffering prices against sharp declines.
Market experts note that while gold sets the baseline for silver trading, the latter’s consumption in green technologies offers consistent underlying demand. This dual nature keeps silver relevant even as speculative buying ebbs.
The current rates are a far cry from the peaks seen earlier this year, when silver soared above Rs. 8,500 per tola. The correction has been gradual, driven by a combination of global economic factors and local market dynamics. Dealers report that retail buying has slowed significantly, with many investors adopting a wait-and-see approach.
Looking ahead, analysts expect silver to trade within a narrow range in the near term, barring any unexpected shocks in global markets. The metal is likely to continue benefiting from industrial demand while remaining sensitive to shifts in investor sentiment.
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Source: ARY News