US-Iran Deadlock Triggers Global Gold and Silver Price Surge

A sudden deadlock in US-Iran negotiations has sparked massive volatility in precious metals. The stalemate, triggered by President Trump's demand for historical conflict compensation from Tehran, has crushed hopes of reopening the Strait of Hormuz. As a result, global oil prices have skyrocketed, fueling fresh inflation fears.

Anxious investors are turning to gold and silver as safe-haven assets, causing prices to spike worldwide. In Pakistan, local Sarafa markets are adjusting their rates in response to these macroeconomic shocks. The current international spot gold price is $4,437.58 per troy ounce, while spot silver is $67.03 per troy ounce.

The sudden surge in oil prices and resulting inflation fears have led investors to flock to traditional safe-haven assets like gold and silver. In Pakistan, the local gold price has reached Rs. 4,62,044 per tola, with silver at Rs. 6,980.1 per kilogram.