Overview
- Spot gold, which surged late Friday, traded near $4,489 per ounce on Sunday in a partial recovery from mid-March lows.
- In India, 24-carat rates hovered around ₹1.48 lakh per 10 grams, and silver steadied near $69.8 an ounce and roughly ₹2.45 lakh per kilogram in most northern cities.
- Pakistan’s market swung sharply, with the per-tola rate easing to Rs467,262 on Friday before jumping by Rs4,800 to Rs472,062 on Saturday, according to the All Pakistan Gems and Jewellers Association.
- Analysts flag a range-bound week ahead as traders track Powell’s Monday remarks for rate signals and watch Middle East headlines, dollar moves and oil for direction.
- The rebound comes after a March slide that left gold more than 20 percent below January records, with reports citing ETF selling on the way down and ongoing central bank buying as a cushion.