US-Iran Tensions Spark Precious Metal Surge

The ongoing stalemate in US-Iran negotiations has caused significant volatility in precious metals, prompting investors to flock towards gold and silver as safe-haven assets. President Trump's demand for historical conflict compensation from Tehran has effectively frozen peace talks, crushing any immediate hope of reopening the Strait of Hormuz.

As a result, global oil prices have spiked, fueling fresh inflation fears. Investors are aggressively buying gold and silver to mitigate these risks, leading to a sharp increase in local gold and silver prices in Pakistan.

The local Sarafa markets are constantly adjusting prices to absorb the macroeconomic shocks. According to recent data, the price of 24K gold has reached Rs. 4,79,396 per tola, while silver is trading at Rs. 7,184.93 per kilogram.