Gold and Silver Extend Losses Throughout June 24 Trading
Gold and Silver Market Recap – June 24, 2026
Gold and silver prices faced heavy selling pressure throughout June 24, 2026, with both international and Pakistani markets ending the day significantly lower. The decline continued from the morning session into the evening, highlighting weak market sentiment and increased volatility across precious metals.
Gold Prices Extended Their Downward Trend
During the morning session, international gold prices were recorded at $4,059 per ounce, showing a decline of $53.4. By the afternoon, gold slipped slightly further to $4,058 per ounce, while the daily loss widened to $53.6.
The most notable move came during the evening session when gold dropped sharply to $4,013 per ounce, marking a substantial daily decline of $99.1. This late-session weakness reflected strong bearish pressure in global precious metals trading.
In Pakistan, gold prices also moved lower throughout the day:
- Morning: Rs. 435,500 per tola
- Afternoon: Rs. 435,000 per tola
- Evening: Rs. 434,000 per tola
Silver Also Recorded Significant Losses
Silver followed a similar downward path during the trading day.
- Morning silver price: $61.0 per ounce
- Afternoon silver price: $60.7 per ounce
- Evening silver price: $58.7 per ounce
The evening session recorded the largest decline, with silver down approximately $2.8 per ounce compared to previous levels.
In Pakistan, silver prices remained stable at Rs. 7,200 during most of the day before falling to Rs. 7,050 by the evening.
Key Takeaways
- Gold remained under heavy selling pressure throughout June 24.
- Silver experienced even stronger downward momentum during evening trading.
- Pakistani gold and silver markets mirrored the global trend.
- The sharpest decline occurred during the final trading session of the day.
- Market sentiment remained bearish across precious metals.
Market Outlook
The strong decline recorded on June 24 suggests that investors remained cautious, leading to widespread selling in precious metals. Market participants will closely watch upcoming economic developments and international trading activity to determine whether gold and silver can stabilize or if further downside pressure will continue in the coming sessions.
FAQ
Why did gold prices fall on June 24, 2026?
Gold prices remained under consistent selling pressure throughout the day, resulting in a sharp decline by the evening session.
Did silver prices also decline?
Yes. Silver prices dropped throughout the day and recorded their biggest losses during evening trading.
How did Pakistani gold prices perform?
Pakistani gold prices followed the international market trend, falling from Rs. 435,500 to Rs. 434,000 per tola by the end of the day.
What was the overall trend for June 24?
Both gold and silver ended the day in a strong downward trend, with losses accelerating during the final trading session.
Also read : Precious Metals Under Pressure: Gold Records Sharp Drop
