Gold prices in the local market declined on Thursday after hitting an all-time high a day earlier, providing brief relief to buyers following a sharp surge. The drop came after a massive increase of 10,900 rupees per tola recorded in the previous session, which had pushed gold to its highest-ever level.

According to market sources, the price of gold per tola fell by 1,500 rupees on Thursday, bringing the new rate down to 530,562 rupees. Similarly, the price of 10 grams of gold dropped by 1,286 rupees, settling at 454,871 rupees.

Traders said the correction was expected after the steep jump witnessed earlier, as investors opted for profit-taking at peak levels. Despite the decline, gold prices remain historically high, reflecting continued uncertainty in both domestic and international markets.

In the international bullion market, gold prices also moved lower. The price of gold per ounce dropped by 15 dollars, taking it down to 5,082 dollars. Analysts say fluctuations in the global market, coupled with currency movements and investor sentiment, continue to influence local prices.

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In contrast to gold, silver prices recorded a strong upward move. The price of silver increased by 212 rupees per tola, reaching a new record high of 11,640 rupees. Market observers noted that rising industrial demand and speculative buying contributed to silver’s continued strength.

Meanwhile, in a separate development, the government announced new measures to fix flour prices, aiming to provide relief to consumers amid inflationary pressures.

Overall, bullion markets remain volatile, with traders advising caution as prices react sharply to global trends and local economic signals.