Overview
- Global spot and futures gold climbed to roughly $4,100–$4,226 per ounce on Wednesday, with silver also rising and several outlets reporting one‑month highs.
- Pakistan’s All‑Pakistan Gems and Jewellers Sarafa Association raised the domestic price by Rs10,000 per tola to Rs437,936 on Wednesday, while silver per tola moved higher.
- India’s MCX October gold futures jumped toward about Rs146,000 per 10 grams as domestic contracts tracked the overseas rally.
- Traders and analysts attributed the move to investors shifting into safer assets because of US‑Iran tensions, a weaker US dollar and lower oil prices that eased near‑term inflation concerns.
- Brokers warned of short‑term volatility and flagged a possible 6–8% pullback before a longer rally, advising staggered buying while structural support from central‑bank purchases and Asian demand remains in place.