US-Iran Tensions Spark Gold and Silver Price Surge
The stalled US-Iran negotiations have sent shockwaves through the global economy, causing a surge in precious metal prices. The breakdown in talks has led to increased tensions and volatility, prompting investors to seek safe-haven assets like gold and silver.
US President Trump's demand for historical conflict compensation from Iran effectively froze ongoing peace talks, crushing hopes of reopening the Strait of Hormuz. This sudden deadlock has fueled concerns about global oil prices and inflation, causing a rush to buy gold and silver.
In Pakistan, local Sarafa markets have adjusted prices in response to these international shocks, pushing gold and silver rates sharply higher. The current prices for gold are Rs. 482,936 per tola, Rs. 414,039 for 10 grams, and Rs. 41,403.90 for one gram. Silver is selling at Rs. 7,379 per kilogram, Rs. 6,326 for 100 grams, and Rs. 632.60 for 10 grams.