Overview
- Prices in India and global spot markets fell on Tuesday to roughly one-week lows, with gold near $4,720–$4,810 an ounce and silver around $79–$80.
- On India’s MCX, gold futures eased to about ₹1.53 lakh per 10 grams and silver futures hovered near ₹2.50 lakh per kg after early declines of up to 1%.
- Pakistan’s APGJSA reported on Monday that 24‑karat gold dropped by ₹4,900 per tola to ₹501,162, tracking the global pullback.
- A firmer U.S. dollar and rising 10‑year Treasury yields made dollar‑priced metals costlier for buyers and increased the appeal of interest‑bearing assets over bullion.
- Renewed U.S.–Iran friction, including the reported U.S. seizure of an Iranian vessel and fresh Strait of Hormuz warnings, kept volatility high as traders looked to upcoming U.S. data and Kevin Warsh’s congressional testimony for cues.