Precious Metals See Slight Price Drops As Markets Open

Gold and silver rates in Pakistan face shifts as international markets react to stalled US-Iran negotiations and rising global oil prices.

NationPulse Desk

Oct 21, 2026 · 10:50 AM 1 min read

Precious Metals See Slight Price Drops As Markets Open

Key takeaways

US-Iran peace talks are frozen following a demand for historical conflict compensation by President Trump.
Global oil prices are climbing and triggering inflation fears, causing investors to seek safe-haven assets.
Gold 24K is priced at Rs. 426,878 per Tola in Pakistan.
Silver 24K is selling at Rs. 5,950.19 per Tola in Pakistan.
International spot gold is valued at $4,120.21 per troy ounce.

Precious metals experience heavy volatility due to halted negotiations between the United States and Iran. Tehran recently faced demands for historical conflict compensation from President Trump, which brought ongoing peace discussions to a complete standstill and ruined any short-term expectations of opening the Strait of Hormuz. New inflation worries emerge because global oil costs are jumping rapidly. Nervous investors rush to purchase gold and silver for safety. International turbulence forces domestic rates up inside Pakistan, causing local Sarafa markets to continuously modify values to handle these economic shocks.

Today in Pakistan, gold (24K) costs Rs. 426,878 per Tola, Rs. 365,984.90 for 10 Grams, and Rs. 36,598.49 for 1 Gram. Silver (24K) is priced at Rs. 5,950.19 per Tola, Rs. 5,101.42 for 10 Grams, and Rs. 510.142 for 1 Gram.

On the global stage, spot gold trades at $4,120.21 per troy ounce, while spot silver sits at $57.379 per troy ounce.

Why it matters

Investors and buyers in Pakistan face fluctuating costs for gold and silver as international economic shocks and stalled US-Iran talks impact local Sarafa markets.