US-Iran Stalemate Sparks Global Gold and Silver Price Surge
The stalled US-Iran negotiations have sent shockwaves through global markets, causing volatility in precious metals. President Trump's demand for historical conflict compensation from Tehran has effectively frozen peace talks, crushing hopes of reopening the Strait of Hormuz and spiking oil prices.
This surge in oil prices is fueling fresh inflation fears, prompting anxious investors to seek safe-haven assets like gold and silver. In Pakistan, local Sarafa markets are adjusting prices in response to these macroeconomic shocks, pushing gold and silver rates sharply higher.
The international market saw spot gold rise to $4,326.80 per troy ounce and spot silver reach $64.596 per troy ounce today. Locally, the price of 24K gold has reached Rs. 4,50,011 per tola, while silver is priced at Rs. 6,719.48 per kilogram.