Stalled US-Iran Talks Send Gold and Silver Prices Plummeting

The ongoing US-Iran negotiations have hit a roadblock due to President Trump's demand for historical conflict compensation from Tehran. This sudden development has sparked massive volatility in precious metals, causing gold and silver prices to drop globally.

The deadlock in the peace talks has crushed any immediate hope of reopening the Strait of Hormuz, leading to spiking global oil prices that fuel fresh inflation fears. As a result, anxious investors are aggressively buying gold and silver as safe-haven assets.

In Pakistan, the international shocks have pushed local gold and silver prices sharply higher, with Sarafa markets constantly adjusting prices to absorb these macroeconomic hits.