Overview
- Global prices stayed volatile on Dec. 5, with spot gold trading in roughly the $4,190–$4,260 per ounce range and Comex February futures near $4,260.
- Pakistan’s 24K gold rose by Rs3,000 to Rs444,462 per tola, ending a three‑day slide, according to the All Pakistan Sarafa Gems and Jewellers Association.
- India saw mixed local moves, with Delhi up Rs1,300 to Rs1,32,900 per 10 grams, broader city quotes near Rs1,29,650–1,30,230, and MCX February futures up 0.58% to Rs1,30,829.
- Analysts cited focus on U.S. PCE inflation and next week’s Fed decision, with reported rate‑cut odds around 80–87% as the dollar index eased near 98.9.
- Silver remained resilient after record highs, supported by ETF inflows of nearly 200 tons this week, with MCX March 2026 up about 2.25% and spot near $57–$59.