Gold and Silver Prices Drop Amid US-Iran Tensions
The prices of gold and silver have dropped today due to stalled negotiations between the US and Iran. President Trump's demand for historical conflict compensation from Tehran has effectively frozen ongoing peace talks, leading to significant volatility in the precious metals market.
The sudden deadlock has dashed hopes of reopening the Strait of Hormuz, causing global oil prices to spike. This has fueled fresh inflation fears, prompting anxious investors to aggressively buy gold and silver as safe-haven assets.
In Pakistan, these international shocks have pushed local prices of these assets sharply higher. Sarafa markets are constantly adjusting prices to absorb these macroeconomic impacts.
Here are the latest gold and silver rates in Pakistan today:
Gold: Rs. 427,694 per Tola, Rs. 366,684.60 per 10 Grams, Rs. 36,668.46 per 1 Gram
Silver: Rs. 6,283.88 per Tola, Rs. 5,387.51 per 10 Grams, Rs. 538.751 per 1 Gram
The international rates for today are:
Spot Gold: $4,123.94 per troy ounce
Spot Silver: $60.552 per troy ounce