Gold prices decrease in Pakistan

In the international market, gold prices also dropped by $4 per ounce, settling at $4,713 compared to the previous $4,717.Meanwhile, silver prices per tola decreased by Rs12, bringing the rate down to Rs8,513 from Rs8,525.

Market analysts attributed the volatility in bullion prices to shifting global geopolitical developments, particularly tensions and diplomatic signals involving the United States and Iran, along with broader economic uncertainty.The United States and Iran recently exchanged fire in the most serious test yet of their month-long ceasefire, although Iran said the situation had returned to normal, while the US maintained that it did not want to escalate tensions.

“The comments from the Trump administration this morning that the ceasefire is holding, along with lingering optimism about a potential US-Iran deal, are supporting the gold market for now,” said Kyle Rodda, senior financial market analyst at Capital.com.

Despite short-term fluctuations, analysts maintain a positive long-term outlook for gold, citing its continued appeal as a safe-haven asset during periods of economic and geopolitical instability.