Escalating uncertainty from stalled US-Iran talks is pushing precious metal markets into turmoil. President Trump recently asked Tehran for compensation linked to historic conflicts, a move that has halted current peace discussions. This impasse eliminates any short-term chance of reopening the Strait of Hormuz, sending oil prices higher and reviving inflation concerns. Investors, fearing further instability, are buying gold and silver for safety, driving up local Pakistani prices as markets adjust to these global pressures.
Current Pakistani rates for gold and silver are as follows:
| Metal (24K) | Per Tola | 10 Grams | 1 Gram |
|---|---|---|---|
| Gold | Rs. 414,762 | Rs. 355,597.60 | Rs. 35,559.76 |
| Silver | Rs. 5,596.45 | Rs. 4,798.13 | Rs. 479.813 |
International spot rates for the day show:
| Spot Gold | Spot Silver |
| $3,996.10 per troy ounce | $53.92 per troy ounce |
Readers can also view earlier metal price movements in the article titled "Massive Drops in Gold & Silver Prices Recorded Today".
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