Gold Prices Rebound After Morning Decline

Gold and silver prices rebounded on July 24, 2026, after facing selling pressure in the morning. At around 3:14 PM Pakistan time, international gold rates were recorded at $4,058 per ounce, with an intraday increase of about $9.50 from its lower level. Silver also moved upward and was trading near $58.40 per ounce, gaining approximately $0.80 during the recovery.

The movement suggests that buyers returned to the precious metals market after an earlier decline, but prices remained volatile as investors continued to assess inflation risks, oil prices, and expectations surrounding future US interest-rate decisions.

Reuters reported earlier on Friday that spot gold had remained under pressure due to rising crude oil prices increasing inflation concerns and strengthening expectations of tighter monetary policy. Gold was still trading within a wide recent range, showing continued uncertainty among investors.