Overview
- Spot gold traded near $4,821 per ounce Thursday, with Indian 24K rates around ₹1.55 lakh per 10 grams after a mid‑April dip.
- Silver jumped to roughly $80–$84 per ounce, and Indian domestic prices reached about ₹2.70 lakh per kg, with southern cities holding roughly a ₹5,000 premium.
- Pakistan’s All Pakistan Gems and Jewellers Association reported a Rs3,500 rise per tola, taking 24‑carat gold to Rs503,462, tracking the global lift.
- Indian futures echoed the upswing, with MCX gold May near ₹1,53,305 per 10 grams and MCX silver May around ₹2,54,842 per kg.
- Reports of progress on extending a US–Iran ceasefire and President Donald Trump signaling talks could resume helped ease oil below $100, though a firm dollar, the Strait of Hormuz blockade, and added troop deployments keep volatility high.