Overview
- Following Wednesday’s sharp rally, spot gold rose about 2% to roughly $4,520–$4,560 an ounce while silver traded near $72, tracking a weaker dollar.
- Indian benchmarks jumped on the same move, with 24K gold near ₹1.46–₹1.49 lakh per 10 grams and silver quoted around ₹2.41–₹2.50 lakh per kg, according to industry associations and market trackers.
- Prices in Pakistan mirrored the swing, as the per‑tola rate reached Rs479,262 after a Rs15,200 increase and 10‑gram gold climbed to Rs410,889, the national jewellers’ body reported.
- Early Thursday, global bullion eased from the rebound as crude oil advanced, yet Indian retail quotes held the prior day’s upswing according to live rate trackers.
- Analysts tied the late‑March bounce to a softer dollar and reports of a US proposal to Iran that President Trump described optimistically, even as Tehran denied talks, with the month’s backdrop showing an early‑March peak, a mid‑month sell‑off, and a fresh rebound that has kept volatility high.