Overview
- International spot gold rose about 1.1%–1.4 on Monday to roughly $4,095–$4,110 per ounce as oil prices plunged and the U.S. dollar softened.
- The temporary halt in U.S.–Iran strikes drove crude down more than 5%, which eased near-term inflation fears and pushed investors into safe-haven metals.
- Indian MCX futures jumped roughly Rs1,000 for gold and Rs2,500 for silver during intraday trade, while Pakistan’s APGJA quoted 24K gold near Rs431,736 per tola.
- Local Pakistani quotes differed slightly across outlets because city Sarafa associations and APGJA publish prices at different times and use a pass-through formula linked to the international spot and the dollar.
- Market participants say upside may be limited until the Fed’s policy statement, oil price direction, and U.S. Treasury yields provide clearer signals after a volatile stretch that followed this year’s record highs.