Overview
- COMEX gold, which jumped Wednesday after a four‑month low near $4,100, traded up about 3.5% around $4,557 as silver rose roughly 5–7% near $73–75, while MCX futures added about 3–6%.
- In India, 24K retail rates reached roughly ₹14,600–₹14,700 per gram as international gains fed through to local markets, with MCX April gold touching an intraday high near ₹1.44 lakh per 10 grams and silver around ₹2.36 lakh per kg.
- Pakistan’s benchmark rate climbed to Rs479,262 per tola in a second straight rise, following Tuesday’s Rs16,300 jump that came a day after a record single‑day plunge reported by local exchanges.
- Traders pointed to a weaker US dollar, a drop in crude prices, and reports of a US plan for a pause in strikes as drivers of the bounce, even as Iranian officials rejected claims of talks.
- Market watchers warned the recovery remains fragile, with the next moves hinging on Federal Reserve signals, dollar and Treasury yield shifts, oil prices, and fresh headlines from the Middle East.