Precious metals experience heavy market volatility driven by stalled peace negotiations between the United States and Iran. Tehran faced recent demands from President Trump regarding historical conflict compensation, which halted current diplomatic talks. This sudden freeze eliminates any near-term possibility of reopening the Strait of Hormuz, causing global oil prices to surge and sparking fresh inflation worries. Nervous investors are purchasing large amounts of gold and silver as secure assets. International shocks directly impact Pakistan, driving local bullion rates upward while Sarafa markets continually adjust values to absorb these economic pressures.
Local gold and silver rates in Pakistan stand at specific levels today. For 24K gold, a per tola rate reaches Rs. 424,913, with 10 grams priced at Rs. 364,300.50 and 1 gram at Rs. 36,430.05. Silver rates for 24K show a per tola price of Rs. 5,827.56, while 10 grams cost Rs. 4,996.28 and 1 gram stands at Rs. 499.628.
International rates for the day place spot gold at $4,089.11 per troy ounce and spot silver at $56.165 per troy ounce.
