Gold and silver prices fell sharply in Pakistan on Thursday, following a global decline amid rising Middle East tensions.
According to the All Pakistan Gems and Jewellers Association, per tola gold prices decreased by Rs11,000, reaching Rs468,262. The price of 10 grams of gold also fell, now at Rs401,459, down by Rs9,430.
Silver prices also recorded a decline, with per tola rates dropping by Rs340 to Rs7,484. Analysts said these prices fall reflects investor caution over regional uncertainty and volatility in international markets.
In the global market, gold prices dropped by $110 per ounce, now trading at $4,455. This decline comes after a brief upward trend in precious metals, showing continued global market instability.
Meanwhile, the Pakistan Stock Exchange (PSX) turned bearish as geopolitical tensions escalated. The KSE-100 index fell by 2,520.91 points to reach 155,792.53, down 1.59 percent from the previous close of 158,313.
Major sectors such as automobile manufacturing, cement, banking, oil and gas exploration, and power generation experienced significant selling pressure. Large-cap stocks including MCB, NBP, OGDC, PPL, PSO, and HUBCO saw notable declines during trading.
Iranian officials rejected the US ceasefire proposal, calling it “unbalanced” and based on excessive demands. A senior official said any agreement would only proceed on Iran’s own terms, and military operations would continue unless those conditions are met.
Experts noted that these developments caused prices fall in both metals and stocks, showing how geopolitical risks directly affect Pakistan’s financial markets.
Investors are advised to monitor the situation closely as uncertainty in the Middle East continues to influence commodity and equity markets.
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