Overview
- Bullion advanced on Friday, with spot gold hovering near $4,390 per ounce and silver around $73 after late‑December pullbacks.
- Analysts warn a Bloomberg Commodities Index reweight starting next week could force sales of more than $5 billion in silver futures and roughly $6 billion in gold, potentially dragging prices lower.
- China’s new restrictions on silver exports took effect on January 1, reinforcing concerns about tight supplies alongside heavy industrial demand.
- Indian markets firmed, with Delhi gold up Rs 1,100 to Rs 1,39,440 per 10 grams and MCX futures climbing to about Rs 1,36,752 for gold and Rs 2,42,980 for silver.
- Pakistan’s bullion prices swung sharply, with per‑tola gold rebounding by Rs 5,700 to Rs 460,262 after earlier declines tied to global moves.