Gold and Silver Prices Plummet on July 31 as Markets End on a Weak Note

On July 31, 2026, gold and silver prices continued to decline in both international and Pakistani markets. The downward pressure intensified throughout the day, with both precious metals closing near their lowest recorded levels.

In the international market, gold started the day at $4,074 per ounce but dropped to $4,042 per ounce by night, marking a daily decline of $59.7 per ounce. This loss was further compounded by an additional $32 per ounce decline from morning to night.

Silver followed a similar trend, with its morning rate at $58.3 per ounce and falling to $57.3 per ounce by night, resulting in a total daily decline of $1.6 per ounce.

In the Pakistani market, gold declined from Rs432,000 in the morning to Rs428,500 by night, representing a loss of Rs3,500 during the day. Silver also decreased, falling from Rs6,300 in the morning to Rs6,200 by night, with a total daily decline of Rs100.