Overview
- Bullion steadied near recent peaks, with spot gold trading around $4,480–$4,490 an ounce after a three‑session surge of more than 4%.
- Silver pulled back after spiking to fresh records, with MCX March futures reversing from an intraday high and Comex prices slipping toward $80 on profit‑taking.
- Analysts linked the rebound to the capture of Venezuelan President Nicolás Maduro, layered over a softer dollar, expectations for Federal Reserve rate cuts, and upcoming US economic releases.
- India’s prices tracked global moves as MCX February gold hovered near Rs 1,38,450 per 10g and retail quotes reached roughly Rs 1.37–1.41 lakh; Pakistan’s per‑tola rate rose to Rs 467,962.
- Market structure added to volatility, with CME margin changes and China’s export curbs tightening silver supply, while investors watch ADP, ISM and Friday’s non‑farm payrolls for direction.