Simultaneous fall of four precious metals in world markets / Gold prices hit four-month low The precious metals market faced a new wave of selling pressure on Friday, October 30, and the price of gold and silver experienced a significant decline. The price of gold per ounce fell by almost 3% to $3,905, which is the lowest level in the last four months. Silver also underperformed and fell below $50 for the first time since November 2025, down more than 5%. Platinum and palladium also fell by 3.83 and 3.78%, respectively.