Overview
- Domestic Pakistan retail rates climbed to Rs477,136 per tola and Rs409,067 per 10 grams, according to the All‑Pakistan Gems and Jewellers Sarafa Association.
- Indian futures strengthened above ₹1.60 lakh per 10 grams as MCX October contracts rose on fresh speculative positions and firm spot buying.
- Global spot gold moved above $4,500 per ounce, with Reuters and market reports showing levels around $4,560 that reinforced local rallies.
- Traders and analysts pointed to a softer US dollar, lower US Treasury yields, central‑bank purchases and regional geopolitical risk as the forces driving the rally and adding short‑term volatility.
- Silver prices rose in parallel and commentators warn of continued swings with short‑term support and resistance cited near $3,951 and $4,645 per ounce, which could affect retail premiums and household jewellery costs.