Gold rates decrease in Pakistan as Israel-Iran conflict intensifies

KARACHI: Gold rates in Pakistan declined on Monday amid the ongoing conflict between Israel and Iran, ARY News reported.

The price of 24 karat per tola gold decreased by Rs700 and was traded at Rs362,300 on Monday compared to its sale at Rs363,000 on the last trading day, All Pakistan Sarafa Gems and Jewelers Association reported.

The rates of 10 grams of 24 karat also decreased by Rs600 to Rs310,613 from Rs311,213 and for 10 grams of 22 Karat it came down by Rs550 to Rs284,738 from Rs285,288.

The rates of per tola silver and and ten gram silver remained unchanged and closed at Rs3,787 and Rs3,246 respectively.

The price of gold in the international market decreased by $18 to $3,414, whereas the prices of silver remained stagnant at $36.29, the Association reported.

Meanwhile, the 24-karat gold rate in Saudi Arabia recorded a rise and were recorded at 4,822 SAR per tola on Monday, 16 June, 2025.

According to Forex.pk, the current value of 10 grams of 24-karat gold is SAR 4,139, while an ounce of gold is valued at 12,873 Saudi Riyals.

The uptick in gold rates reflects ongoing trends in the global commodities market, with the latest pricing update reported at 10:00 a.m. local time.

Gold has long held a reputation as a symbol of wealth and a store of value. Beyond its traditional use in jewelry, the precious metal is widely regarded as a financial safe haven during times of economic uncertainty and geopolitical unrest.

In recent years, gold’s safe-haven status has been reaffirmed, as investors seek shelter from the storms of global economic and political instability.

Gold’s appeal as a safe-haven asset is not limited to institutional investors.

Individual investors, seeking to protect their wealth from market volatility and economic uncertainty, have also turned to gold.