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Commodities

Gold and Silver Prices Surge Amid Global Market Volatility

Guavy AI Editorial Team
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Gold Silver
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The global gold and silver markets are experiencing intense volatility due to ongoing US-Iran conflicts and uncertain Federal Reserve rate policies. Central banks worldwide are aggressively hoarding gold, driving up demand.

In Pakistan, the unstable Rupee against the US dollar and domestic economic uncertainty are exacerbating the situation. Local Sarafa markets are constantly adjusting prices to absorb these macroeconomic shocks.

The current international rates for spot gold stand at $4,268.1 per troy ounce and for spot silver at $62.345 per troy ounce. Locally, the gold price is Rs. 445,129 per tola, while silver stands at Rs. 6,503.24 per kilogram.

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