Overview
- Global spot gold, which leapt to roughly $4,500 on Friday, held back above $4,400 into Saturday as investors sought safety during renewed Middle East strain.
- In India, retail 24K prices hovered around ₹1.42–1.44 lakh per 10 grams and MCX April futures traded near ₹1.44 lakh with only modest day-to-day moves.
- Pakistan’s market swung sharply, with the per‑tola rate shown at Rs467,262 earlier before a Saturday jump of Rs4,800 to Rs472,062, according to the national jewelers’ association.
- Silver underperformed gold, with recent spot quotes in the high $60s per ounce and Indian prices near ₹2.39 lakh per kilogram after a deep pullback from early‑March highs.
- Analysts pointed to Middle East headlines, a volatile dollar and shifting oil prices as the main drivers, and gold remains more than 20% below January’s record despite ongoing central‑bank buying.