Business
Gold prices in Pakistan Today – February 17, 2026 | The Express Tribune
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY
Gold and silver prices declined on Tuesday in both international and local markets.
In the international bullion market, the price of gold fell by $90 per ounce to $4,920. Locally, the price of 24-carat gold per tola dropped by Rs9,000 to Rs514,762, while the price per 10 grams fell by Rs7,716 to Rs441,325.
Similarly, silver prices fell, with the local rate per tola decreasing by Rs150 to Rs8,014 and per 10 grams dropping by Rs129 to Rs6,870.
Spot gold dropped 1.5% to $4,918.65 per ounce by 0933 GMT after losing over 2% earlier in the session. US gold futures for April delivery lost 2.2% to $4,937 per ounce.
Spot silver fell 2.5% to $74.63 per ounce, after dropping over 5% earlier.
Spot platinum fell 2.5% to $1,991.01 per ounce, while palladium lost 3.1% to $1,670.92.
Read: Gold falls Rs3,200 amid global holidays
Earlier on Monday, gold prices in Pakistan followed declines in the international bullion market, where prices slipped more than 1% amid thin trading, as major markets in the United States and parts of Asia remained closed for holidays and a stronger dollar weighed on sentiment.
In the local market, the price of gold per tola dropped by Rs3,200 to settle at Rs523,762. Similarly, the price of 10-gram gold fell by Rs2,743 to Rs449,041, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association.
The latest decline comes after a sharp rise over the weekend, when the per-tola rate surged by Rs7,000 to close at Rs526,962. Silver prices also moved lower in the domestic market on Monday, decreasing by Rs55 to Rs8,164 per tola, reflecting the broader weakness in precious metals.
Market participants said the absence of key trading centres reduced liquidity and amplified price swings, while the strengthening US dollar exerted additional pressure on bullion, which typically moves inversely to the greenback.
Adnan Agar, Director at Interactive Commodities, said global gold markets were experiencing slow activity due to the US bank holiday, with early closure of trading hours further limiting participation.
“The market touched a high of $5,030 and was later near its day’s low around $4,974,” he noted, adding that the immediate support level was around $4,920 per ounce.
According to Agar, a sustained break below this support could expose gold to deeper losses. “If the market closes below $4,920, there is a possibility of prices sliding towards the $4,600 level,” he said.
Business
Crude oil soars as Middle east conflict chokes supply routes, Hormuz concerns stokes panic – SUCH TV
Crude oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the US-Israeli war with Iran.
Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel by 0057 GMT. US West Texas Intermediate crude futures gained $0.71, or 0.6%, to trade at $112.25 per barrel.
On Thursday, the last trading day before the Good Friday holiday break, WTI settled up more than 11%, and Brent soared nearly 8% in volatile trading, recording their biggest absolute price increase since 2020, as US President Donald Trump promised to continue attacks on Iran.
The Strait of Hormuz, which carries oil and petroleum products from Iraq, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates, remains largely closed by Iranian attacks on shipping after the war began on February 28.
Because of the Middle East supply disruptions, refiners are seeking alternative sources for crude, particularly for physical cargoes in the US and the UK North Sea.
“Global buyers are bidding aggressively for (US) Gulf Coast barrels, and Brent is rallying even faster,” the Schork Group said in a client note on Monday.
On Sunday, Trump ratcheted up pressure on Tehran, threatening in an expletive-laden Easter Sunday social media post to target Iran’s power plants and bridges on Tuesday if the strategic Strait of Hormuz is not reopened.
Still, some vessels, including an Omani-operated tanker, a French-owned container ship and a Japanese-owned gas carrier, crossed the Strait of Hormuz since Thursday, shipping data showed, reflecting Iran’s policy to allow passage for vessels from countries it deems friendly.
The war threatens to linger on as Iran has officially told mediators it is not prepared to meet with US officials in the Pakistani capital, Islamabad, in the coming days, and efforts to produce a ceasefire have reached a dead end, the Wall Street Journal reported on Friday.
On Sunday, OPEC+, consisting of some members of the Organisation of the Petroleum Exporting Countries and allies such as Russia, agreed to a modest rise of 206,000 barrels per day for May.
However, that decision will largely exist on paper as several of the group’s key producers are unable to raise output due to the war.
Russian supply has been disrupted recently by Ukrainian drone attacks on its Baltic Sea export terminal. Media reports on Sunday said its Ust-Luga terminal resumed loadings on Saturday after days of disruptions.
Trump wrote: “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP”.
Brazil, Japan, Mexico, South Africa and the US have stopped importing Spanish pork. Other countries, such as EU members, China and the UK, have taken a more localised approach, only banning pork that originates in the affected area of north-eastern Spain.
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Crude oil soars as Middle east conflict chokes supply routes, Hormuz concerns stokes panic – SUCH TV
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