Overview
- International prices vaulted after the strikes, with spot gold trading above $5,275–$5,300 per ounce and silver near $93–$94.
- On COMEX, gold settled around $5,296 after a roughly $100 session gain, while silver rallied nearly 8% to about $93.8–$94.3.
- India’s 24-carat benchmark hovered near ₹1.64 lakh per 10 grams, and Pakistan’s domestic rate reached about ₹540,562 per tola as global moves fed into local markets.
- Traders and commentators expect a volatile, gap-up reopening Monday, with published buy ranges, stop-losses and targets for MCX gold and silver.
- Beyond the geopolitical jolt, support came from tariff-policy uncertainty, sustained central-bank and ETF buying, and softer U.S. 10-year yields; Bernstein lifted long-term gold targets to $4,800 in 2026 and $6,100 by 2030.