Overview
- Global spot gold jumped 3.6% on Friday to about $4,536 per ounce and held above $4,400 into Saturday, according to Reuters and exchange data.
- In India, 24-carat retail prices hovered near ₹1.42–1.44 lakh per 10 grams while MCX April futures traded around ₹1,44,500, marking a weekly gain of about 5.8% on IBJA figures.
- Pakistan’s per‑tola rate swung sharply, slipping to Rs467,262 on Friday before a Saturday update put it at Rs472,062, the All‑Pakistan Gems and Jewellers Association said.
- Silver recovered to the high‑$60s per ounce after steep March losses, with India’s domestic rate near ₹2.39 lakh per kg and levels still far below early‑March peaks.
- Market watchers cited West Asia headlines, moves in the U.S. dollar and a pullback in crude as key drivers, noting gold remains more than 20% below January’s record even after the rebound.