Pakistan Gold Prices Surge Amid Global Volatility

The ongoing US-Iran conflicts and unpredictable Federal Reserve rate policies are driving intense volatility in gold and silver markets globally.

Central banks continue to aggressively hoard gold, leading to an increase in baseline demand. In Pakistan, these international shocks are colliding with the Rupee's instability against the US dollar and domestic economic uncertainty.

Local Sarafa markets are constantly adjusting prices to absorb these macroeconomic hits. The current international rates for spot gold are at $4,342.95 per troy ounce, while silver is at $63.591 per troy ounce.

In Pakistan, the gold price has reached Rs. 452,477 per tola, and Rs. 38,793.3 per 10 grams. The silver price stands at Rs. 6,625.33 per kilogram, and Rs. 568.025 per 100 grams.