US-Iran Deadlock Sends Gold and Silver Prices Soaring in Pakistan
The ongoing US-Iran negotiations have hit a roadblock due to President Trump's demand for historical conflict compensation from Tehran. This sudden deadlock has sparked massive volatility in precious metals, with investors turning to gold and silver as safe-haven assets.
The Strait of Hormuz, a critical waterway for global oil trade, remains closed due to the tensions between the two nations. As a result, oil prices have surged, fueling fresh inflation fears worldwide.
In Pakistan, local Sarafa markets are adjusting their prices in response to these macroeconomic shocks. The latest gold and silver rates in Pakistan are as follows:
Gold: Rs. 4,86,372 (per tola), Rs. 4,17,194 (10 grams), and Rs. 41,719 (1 gram)
Silver: Rs. 7,114 (per tola), Rs. 6,103 (10 grams), and Rs. 610 (1 gram)