ISLAMABAD: Gold and silver prices have declined in global markets, and prices are also likely to decline in Pakistan.
Gold in the global market is down 0.49 percent to $4,654 per ounce, while silver is down 1.20 percent to $72 per ounce. Under the influence of the global market, the price of gold per tola is also likely to decline in Pakistan today.
The main reason for this change in gold prices is US President Donald Trump’s recent statement in which he announced the continuation of the war against Iran and more severe attacks. President Trump’s tough tone and war ambitions have created uncertainty among global investors, which has resulted in a decline in the global price of gold.
Economic analysts say that President Trump’s statement has destroyed the hope in the market that the war might end soon.
