Overview
- Prices slipped further on Saturday in a choppy session, with spot gold near $4,539 per ounce and Pakistan’s per tola rate down Rs600 to Rs476,262.
- Following Friday’s steep plunge, Pakistan’s per tola gold price had already fallen by Rs15,500 to Rs476,862, tracking a $155 slide in global quotes to about $4,545.
- India’s afternoon trade on Friday saw silver down as much as 9% and gold off about 3%, with MCX silver futures lower by roughly 6% and gold futures down about 2%.
- Analysts tied the retreat to stronger US inflation, a firmer dollar, and higher Treasury yields, which raise the cost of holding gold and silver that do not pay interest.
- India added a regional drag this week by lifting gold and silver import duties to 15% and capping duty‑free imports for jewellery exporters at 100 kg, while elevated oil and Strait of Hormuz risks kept volatility high.