US-Iran Talks Collapse: Gold & Silver Prices Soar Amid Global Volatility

The US-Iran negotiations have stalled, sparking massive volatility in precious metals. President Trump's demand for historical conflict compensation from Tehran has effectively frozen ongoing peace talks. The sudden deadlock has crushed any immediate hope of reopening the Strait of Hormuz, causing global oil prices to spike and fuel fresh inflation fears.

Anxious investors are aggressively buying gold and silver as safe-haven assets in response to these macroeconomic shocks. In Pakistan, local Sarafa markets have adjusted their prices sharply higher to absorb these international hits.

The international rates for today show spot gold at $4,380 per troy ounce and spot silver at $64.2 per troy ounce. The local rates in Pakistan are significantly higher, with gold priced at Rs. 4,60,436 per tola and silver at Rs. 6,936 per kilogram.