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Gold and silver drop in global markets

Gold and silver drop in global markets

An undated image. — Pexels

Global commodity markets showed mixed movements as gold and silver prices fell, while crude oil continued to rise.

According to the latest report, gold prices dropped by $35, bringing the rate to $4,718 per ounce. Silver also declined, falling by over $1 to trade at $74 per ounce.

On the other hand, oil prices gained momentum in the international market. US crude oil rose by 3 percent, reaching $97 per barrel. British crude also increased, climbing 2.2 percent to settle at $96.86 per barrel.

Read Also: Gold prices rise slightly in Pakistan today

The contrasting trends reflect ongoing volatility in global commodity markets, with precious metals under pressure while energy prices continue to climb.

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