ISLAMABAD: Gold prices increased significantly after the announcement of a ceasefire between the US and Iran.
Gold prices in the global market have reached a three-week high, with spot gold prices rising by 2.3% to $4,812 per ounce.
US gold futures also recorded a 3.4% increase, with silver prices rising by 4.9% to $76.48 per ounce.
After US President Donald Trump announced a two-week pause in attacks on Iran, uncertainty in the market has decreased, which has increased investors’ interest in buying gold.
Gold prices in Pakistan are also expected to increase today. On the other hand, oil prices have also fallen significantly in the global market and there is a possibility of a decline in the prices of petroleum products worldwide.
