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Commodities

Karachi Silver Prices Bounce Back from Multi-Month Lows

Guavy AI Editorial Team
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Silver
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Karachi silver prices have made a significant recovery after Thursday's sharp decline pushed prices to multi-month lows. 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.

The global precious metals market rallied alongside gold, contributing to the domestic recovery in Karachi silver prices. International silver prices also moved higher, rising by $0.79 to settle at $58.15 per ounce.

Despite Friday's gain of Rs. 79 per tola being the strongest positive session for the metal in several days, market experts caution that a genuine and sustained recovery has yet to be established.

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