Overview
- International spot gold fell into the mid-$4,600s this week and later steadied near $4,490 per ounce after a sharp slide.
- Pakistan’s bullion association reported gold down Rs8,100 to Rs491,362 per tola on Friday after a Rs24,300 plunge a day earlier, with silver at Rs7,684.
- Indian benchmarks logged a roughly 5.89% weekly drop, with 24K rates near Rs1.47 lakh per 10 grams on Friday and holding around Rs1.46 lakh on Saturday.
- New Delhi prices reflected divergence as silver rebounded by Rs1,800 per kg while gold eased by Rs650 per 10 grams, according to the All India Sarafa Association.
- Analysts pointed to dollar strength and limited Fed easing signals as the main drag, with Middle East tensions adding volatility without reversing the decline.