The price of 24-karat gold per tola fell by Rs6,500, closing at Rs533,362, down from Rs539,862 on the previous day.

Similarly, 10 grams of 24-karat gold decreased by Rs5,573, settling at Rs457,271, compared with Rs462,844 previously.

Silver prices also showed a slight decline, with per tola silver dropping by Rs37 to Rs8,894 from Rs8,931 a day earlier.

In the international market, gold prices fell by $65, reaching $5,106 per ounce. Experts said the decline comes amid rising oil prices after US and Israeli air strikes on Iran, which have increased global economic and geopolitical uncertainty.

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Analysts noted that gold’s outlook remains positive due to ongoing instability. They said its intrinsic value, limited supply, and independence from government policies make it a safe asset against inflation, currency depreciation, and market volatility.

Global tensions, trade disputes, and financial uncertainty often push investors away from riskier assets like stocks or speculative currencies, boosting demand for gold and silver.

Gold, long seen as a symbol of wealth, continues to serve as both an ornamental asset and a financial safeguard, with its appeal increasing amid ongoing global economic and political instability.