US-Iran Stalemate Sparks Gold and Silver Price Surge in Pakistan
The ongoing stalemate in US-Iran negotiations has sent shockwaves through the global markets, causing significant volatility in precious metals. President Trump's demand for historical conflict compensation from Tehran has effectively stalled peace talks, crushing any immediate hope of reopening the Strait of Hormuz. As a result, global oil prices have spiked, fueling fresh inflation fears.
Anxious investors are turning to gold and silver as safe-haven assets, driving up their prices in Pakistan's local markets. The international rates for spot gold stand at $4,339.15 per troy ounce, while spot silver is priced at $66.441 per troy ounce. In response, the prices of gold and silver in Pakistan have risen sharply, with one tola of 24K gold now costing Rs. 4,51,851.
The local Sarafa markets are constantly adjusting their prices to absorb these macroeconomic shocks. Investors are advised to keep a close eye on the situation, as market trends can shift rapidly in times of uncertainty.