Overview
- Gold, which steadied near $4,749 per ounce on Saturday, saw Indian retail rates recover to about ₹1.52 lakh per 10g after a choppy week linked to the US–Iran ceasefire newsflow.
- Following Thursday’s profit-taking in India, the All India Sarafa Association reported silver down to ₹2,43,200 per kg and gold to ₹1,54,900 per 10g as doubts over the truce and Hormuz shipping curbs weighed on sentiment.
- Prices partly rebounded Friday, with silver up ₹3,800 to ₹2,47,000 per kg and gold up ₹400 to ₹1,55,300 per 10g, while global spot trade held in a volatile $4,740–$4,780 range for gold and roughly $75–$76 for silver.
- Domestic futures on MCX reflected the two-way trade as investors booked profits, with gold slipping to an intraday low near ₹1,52,561 per 10g and silver to about ₹2,42,067 per kg before stabilizing.
- Pakistan’s benchmark gold rate tracked the same swings, reaching Rs497,662 per tola on Thursday per the APGJSA, with dealers now looking to US CPI, Islamabad talks, and Strait of Hormuz developments for the next cue.