Silver prices in Pakistan continued to trend lower on Friday, reflecting weakness in international bullion markets and reduced demand for safe-haven assets amid easing global uncertainties.
The price of silver fell to Rs. 6,952 per tola, while rates stood at Rs. 5,959 per 10 grams and Rs. 595.9 per gram in the domestic market.
Market analysts attributed the decline in silver prices to a combination of falling global bullion rates, relative strength in the Pakistani rupee against the U.S. dollar, and a moderation in geopolitical tensions that has reduced investor appetite for precious metals.
The downward movement comes amid broader softness in the country’s precious metals market, with gold prices also registering declines in recent trading sessions.
Analysts noted that silver and gold typically move in tandem because of their strong historical correlation. As a result, shifts in global economic conditions, currency fluctuations, and changes in safe-haven demand often influence both metals in a similar manner.
Despite remaining considerably more affordable than gold, silver has also come under selling pressure, prompting many buyers to adopt a cautious approach while monitoring developments in international commodity markets.
Traders said the outlook for silver would largely depend on future movements in global bullion prices, currency trends, and investor sentiment toward safe-haven assets.