Overview
- Spot gold traded around $5,180–$5,191 an ounce with US futures near $5,210, while spot silver climbed toward $90–$91 to a multi-week high.
- In India, MCX gold hovered around Rs 1.61–1.62 lakh per 10 grams after notching fresh February highs, and MCX silver futures advanced to roughly Rs 2.68–2.69 lakh per kg with Delhi retail silver quoted near Rs 2.78 lakh.
- Pakistan’s 24K gold rate rose to Rs 541,262 per tola on February 25 after Tuesday’s Rs 539,962 reading, and local silver reached Rs 9,554 per tola.
- Analysts cited haven flows as new US import duties of 10% took effect and previous tariff measures faced legal setbacks, with a softer dollar further supporting bullion.
- Market commentary points to consolidation with key technical bands in focus, including MCX gold resistance near Rs 1,61,400–1,63,000 and MCX silver resistance around Rs 2,66,000–2,71,000, while US–Iran talks set for February 27 in Geneva sustain a risk premium.