Pakistan Gold Prices Fall Amid Middle East Tensions
Gold prices in Pakistan have declined due to continued geopolitical uncertainty, falling in line with international bullion prices. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola dropped by Rs500 to Rs459,936 from Rs460,436 in the previous session.
The price of 24-karat gold per 10 grams also decreased by Rs429 to Rs394,320 from Rs394,749. In contrast, silver prices increased in the local market, with a rise of Rs13 per tola to Rs6,951 from Rs6,936.
Investors are closely monitoring developments in the Middle East as Iran and the United States remain at odds over efforts to reach a permanent end to the conflict in the Gulf. The price of gold is traditionally considered a safe-haven asset during periods of geopolitical uncertainty, making it sensitive to changes in global risk sentiment.