Overview
- On Monday, international bullion rose sharply with COMEX gold trading near $4,550–$4,590 per ounce and silver around $77–$78 per ounce, which fed through to domestic markets.
- Pakistan’s market saw one tola of gold climb to Rs477,762 and 10 grams to Rs409,603, while one tola of silver increased to Rs8,270 according to local trade bodies.
- India’s futures and retail rates moved up, with MCX June gold trading about Rs159,105–Rs159,245 per 10 grams and national 24K retail quotes near ₹159,650 per 10 grams.
- Analysts pointed to a weaker US dollar, cooling crude prices and hope for a US–Iran agreement as the immediate drivers, but they warned that upcoming US GDP and Fed signals and further Middle East news will keep prices volatile.
- Broader context includes the West Asia disruptions that lifted oil and inflation worries earlier in 2026, local import duties and rupee moves that widen Indian retail premiums over Dubai, and the potential for policy shifts under the newly sworn‑in Fed chair to alter bullion demand.