After four days of stability, Pakistan’s gold market witnessed a sharp decline on Tuesday as prices fell both locally and internationally, while silver continued its surprising upward climb.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold per tola dropped by a significant Rs2700, bringing the new rate to Rs444162. The decline was also reflected in smaller measurements, with the price of 10 grams of 24-carat gold falling by Rs2315 to Rs380797. Rates for 22-carat gold slipped proportionately, signalling a broad correction across the domestic market.

The downward trend was not limited to Pakistan. In the global bullion market, gold prices fell by $27, bringing the international rate down to $4218 per ounce. This drop follows several days of either upward or steady movement, suggesting renewed volatility and selling pressure in precious metal markets worldwide.

Silver, however, continued to buck the trend. In Pakistan, the price of silver per tola rose by Rs41 to reach Rs6004, while 10 grams of silver increased by Rs35. Market analysts say rising industrial demand and investor interest have helped silver maintain its momentum.

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Globally, silver experienced a slight gain as well, rising by $0.41 to reach $57.32 per ounce, reinforcing its stronger position compared with gold.

Traders say the sudden divergence between gold and silver highlights shifting investor sentiment and uncertainty in global financial markets.