Overview
- India’s All India Sarafa Association reported heavy profit‑booking on March 5, with gold down Rs 7,600 per 10 grams to Rs 1,65,200 and silver down Rs 27,700 per kg to Rs 2,72,300 in Delhi.
- International prices were volatile but range‑bound, with spot gold fluctuating around $5,135–$5,176 per ounce and spot silver near $84–$85 after early gains faded.
- Safe‑haven demand linked to the US–Israel–Iran hostilities supported bids, yet a firm dollar and high‑for‑longer rate expectations limited upside, according to multiple market reports.
- Pakistan’s All Pakistan Gems and Jewellers Association recorded a domestic gold drop of Rs 10,000 per tola to Rs 539,962 on March 4, while silver per tola rose to Rs 9,004.
- Analysts flagged consolidation for silver around $85–$95 with potential toward $100 and said gold could advance toward $5,500–$5,600 if Middle East disruptions intensify, as traders watch upcoming US jobs data for direction.