Precious Metals Soar Amid US-Iran Conflict

The current stalemate in US-Iran negotiations has triggered massive volatility in precious metals. The impasse, caused by President Trump's demand for historical conflict compensation from Tehran, has crushed any immediate hopes of reopening the Strait of Hormuz.

This sudden deadlock has led to a surge in global oil prices, fueling fresh inflation fears among investors. In response, they have turned to gold and silver as safe-haven assets, driving up their prices worldwide.

In Pakistan, local Sarafa markets are adjusting prices to absorb these macroeconomic shocks, resulting in higher rates for gold and silver.