Overview
- Global spot gold recovered on Thursday, gaining about $91 to trade near $4,063 per ounce after markets reacted to softer US private payrolls and Fed Chair Kevin Warsh’s comments.
- The All‑Pakistan Gems and Jewellers Sarafa Association reported domestic 24‑karat gold rose Rs9,100 per tola to Rs428,736 on Thursday and 10‑gram rates climbed to Rs367,572.
- Indian traders recorded a roughly Rs3,000 rebound in Delhi with 10‑gram gold near Rs147,500 as a weaker US dollar made bullion cheaper for buyers holding other currencies.
- Market participants said the move reflected a mix of safe‑haven buying, profit‑taking and traders positioning ahead of the US non‑farm payrolls report, which has kept intraday prices volatile on exchanges such as COMEX and MCX.
- Local price swings have been amplified by import costs and currency moves that pass international spot changes into retail rates, meaning households and jewellers face quick, sometimes large, shifts in gold and silver prices as data and policy cues arrive.