Rates for 10 gram 24 karat gold also slipped by Rs943, standing now at Rs332,218 compared to Rs333,161 on the last trading day. Similarly, 10 gram 22 karat gold saw a decline of Rs864, settling at Rs304,544 against Rs305,408 earlier.

In the international market, the fall continued as gold prices dropped by $11 per ounce, reaching $3,657 compared to the previous $3,668.

But while gold took a hit, silver surprised everyone. The price of 24 karat silver rose by Rs29, reaching Rs4,447 per tola from yesterday’s Rs4,418. Meanwhile, 10 gram 24 karat silver jumped by Rs25, moving to Rs3,812 from Rs3,787.

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Global silver rates also showed strength, increasing by $0.29 to reach $42.20 per ounce compared to $41.91 earlier.

This shift in the bullion market shows an interesting contrast: while gold continues to struggle under international pressure, silver is gaining momentum both locally and globally. Investors are now questioning whether silver might become the safer choice, at least for the near future.