ISLAMABAD: The recent progress in Iran–US negotiations has reduced fears of a wider Middle East conflict, prompting analysts to reassess the outlook for gold prices globally and in Pakistan. Recent market reactions show that gold remains highly sensitive to geopolitical developments, with investors closely monitoring the durability of the agreement.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) |
|---|---|---|
| 24K Gold | 445,500 | 381,944 |
| 22K Gold | 408,480 | 350,116 |
| 21K Gold | 389,912 | 334,201 |
| 20K Gold | 371,345 | 318,287 |
| 18K Gold | 334,211 | 286,458 |
According to international market reports, gold prices initially surged after news of a peace agreement between the United States and Iran, while oil prices and the US dollar weakened. However, analysts caution that future gold movements will also depend on US interest-rate decisions and global inflation trends.
In Pakistan, gold prices generally follow international bullion markets and the rupee-dollar exchange rate. If the Iran–US agreement remains intact and regional tensions continue to ease, experts believe gold prices could stabilize or witness short-term corrections. On the other hand, any setback in talks or renewed geopolitical uncertainty could push prices higher once again.
Market observers advise investors to expect continued volatility in the coming weeks. While some international institutions remain bullish on gold’s long-term prospects, short-term price swings are likely as traders react to developments in diplomacy, oil markets, and central-bank policies.
