Gold prices surge in Pakistan amid US-Iran war tensions

ISLAMABAD: Gold prices in Pakistan have witnessed a sharp upward trend as global uncertainty rises due to escalating tensions between the United States, Israel, and Iran. Investors arseen a sharp upward trend amid rising global uncertainty amide increasingly turning to gold as a safe-haven asset, driving prices higher in both international and local markets.

Recent data shows that gold prices in Pakistan have crossed significant levels, reflecting strong demand and global market pressure.

Local Market Sees Massive Increase in Gold Rates

The price of gold per tola has increased by Rs 3,000 across the country.According to All Pakistan Gems and Jewelers, after an increase of Rs 3,000, the price of gold per tola has reached Rs 497,662.In addition, the price of ten grams of gold has increased by Rs 2,572 to Rs 426,664. In the global market, the price of gold has increased by $ 30 to $ 4,753 per ounce.

Global War Impact Driving Gold Market

The ongoing conflict has disrupted global economic stability, particularly affecting oil supply routes and fuel prices. Rising oil prices are increasing inflation worldwide, which is indirectly pushing gold prices upward.

At the same time, uncertainty surrounding ceasefire negotiations and military developments continues to influence investor sentiment.

Mixed Trends Despite War Situation

Although gold is traditionally considered a safe investment during crises, market trends have shown some fluctuations. At times, a strong US dollar and high interest rates have limited gold’s gains, causing temporary declines in prices.

However, overall momentum remains upward due to persistent geopolitical risks.

Experts Warn of Continued Volatility

Market analysts believe gold prices may remain unstable in the coming weeks. Any escalation in the conflict or disruption in global oil supply could push prices even higher, while diplomatic progress may stabilize the market.

Investors in Pakistan are advised to remain cautious, as rapid price swings could impact both short-term trading and long-term investment strategies.