Overview
- Pakistan’s official rate rose to Rs483,962 per tola on Thursday, reversing part of Wednesday’s Rs5,500 slide, according to the All-Pakistan Gems and Jewellers Sarafa Association.
- In India, gold recovered to about Rs1,54,800 per 10 grams in New Delhi, with the All India Sarafa Association citing stronger global cues and a weaker dollar.
- Spot gold climbed to about $4,616 per ounce on Thursday after recent lows, helped by a softer dollar and a steady Fed stance that Chair Jerome Powell signaled was not tilting toward new hikes.
- Silver in Pakistan gained Rs55 to Rs7,821 per tola, reflecting a smaller bounce than gold but the same pull from global pricing.
- Analysts say near-term moves hinge on West Asia tensions, currency swings, and whether key support near $4,450 holds, with some warning of a slide toward $4,100–$4,200 if that floor breaks.