Global markets have witnessed a decline in gold and silver prices.
Gold is trading at $4,654 per ounce, down 0.49%, while silver has fallen 1.20% to $72 per ounce. Analysts expect these trends to affect domestic markets, potentially causing a decrease in the local price of gold per tola.
The primary factor behind this change is a recent statement by former U.S. President Donald Trump, in which he announced intentions to continue military action against Iran and warned of further aggressive attacks.
Trump’s strong rhetoric and warlike posture have created uncertainty among global investors, resulting in a decline in gold prices. Economic analysts note that his statement has dampened market hopes that the conflict might end soon, contributing to the downward movement in precious metals.
