Stalled negotiations between the United States and Iran are currently creating major fluctuations in precious metals, following a demand by President Trump for historical conflict compensation from Tehran that effectively halts ongoing peace talks and crushes immediate hopes of reopening the Strait of Hormuz. These events cause global oil prices to surge, sparking fresh inflation worries as anxious investors buy gold and silver for safety, while international shocks push local prices sharply higher in Pakistan as Sarafa markets adjust to macroeconomic pressures.
Today in Pakistan, the rates for 24K gold stand at Rs. 402,109 per tola, Rs. 344,749.50 for 10 grams, and Rs. 34,474.95 for 1 gram. Meanwhile, 24K silver costs Rs. 5,100.30 per tola, Rs. 4,372.76 for 10 grams, and Rs. 437.276 for 1 gram.
On the international market, spot gold trades at $3,876.02 per troy ounce, while spot silver reaches $49.157 per troy ounce.
