Karachi Silver Prices Plummet to Rs. 6,237 Per Tola
Karachi silver prices plummeted on August 1, 2026, to Rs. 6,237 per tola, a decline of Rs. 57 from the previous day's recovery. The fall is a significant setback for investors and traders who had hoped that the market might finally find some stability after weeks of volatility.
The international silver market also saw a notable decline, with prices slipping by $0.57 to settle at $57.58 per ounce, below the $58 level. This reversal of Friday's recovery has left many questioning whether the market can establish a sustained base around current levels or if the Rs. 6,000 threshold will come back into play.
The All Pakistan Sarafa Gems and Jewellers Association certified the price drop, citing global industrial demand, particularly from sectors such as electronics and renewable energy, alongside broader shifts in investor sentiment. Traders and investors will be watching closely in the coming sessions to see if Karachi silver prices can finally establish a genuine and lasting floor.