Karachi (Commerce Desk) — Gold and silver prices have risen sharply in both global and local markets following joint attacks on Iran by the U.S. and Israel, as regional tensions increased investor demand for precious metals.
In the international bullion market, gold rose by $100 per ounce, reaching $5,278. In local markets, the price of gold increased by PKR 10,000 per tola to PKR 550,562, while per 10 grams it rose by PKR 8,574 to PKR 472,018.
Similarly, silver prices increased by $3.88 per ounce internationally, reaching $93.78, while locally, silver rose by PKR 388 per tola to PKR 9,862 and by PKR 333 per 10 grams to PKR 8,455.
Experts say that during periods of political and military tension, investors prefer to safeguard their assets by investing in gold and silver, leading to immediate fluctuations in market prices.
