Gold prices have experienced a significant decline, while silver values have climbed today, according to the latest figures released by the All Pakistan Sarafa Gems and Jewellers Associations.

As of Thursday, the price of gold per tola (24Kt) dropped by Rs 2,500, settling at Rs 407,778. The 10-gram rates also saw a decrease, with the 24Kt gold priced at Rs 349,603, down by Rs 2,144, and the 22Kt gold at Rs 320,481, experiencing a reduction of Rs1,965. On the international stage, gold dipped by $25, now standing at $3,865 per ounce.

Contrastingly, silver has seen a price escalation. The rate for a tola of 24Kt silver increased by Rs13, reaching Rs 4,839. Similarly, the 10-gram silver price rose by Rs.11, now priced at Rs 4,148. Internationally, silver saw a modest rise of $0.13, bringing the price to $47.40 per ounce.

This divergence in the precious metals market is drawing attention from investors and analysts, as they assess the potential impacts on local and global markets. Market observers suggest that these fluctuations could be attributed to recent economic developments and shifting investor sentiments.