Overview
- International spot gold hovered around and above $4,500 per ounce on Friday, with Dubai’s 22K rate crossing Dh500 per gram after a weaker US payrolls print and risk concerns.
- India’s domestic prices on January 10 reached about Rs 1,39,320 per 10 grams for 24K, with MCX futures edging higher, while dealers reported thin retail footfall and limited coin and bar buying.
- Pakistan’s bullion market logged back‑to‑back gains, with per‑tola gold up Rs3,400 to Rs469,562 on January 9 and a further Rs3,700 to Rs473,262 on January 10, as silver rose to Rs8,465 per tola.
- Silver staged a strong rebound, with MCX contracts touching roughly Rs 2.50 lakh per kg and global spot near $78–$80 per ounce after earlier index‑driven pressure.
- Analysts cited safe‑haven flows, annual commodity‑index rebalancing, tariff and trade uncertainties, and US data as near‑term drivers, noting a firm dollar is capping upside in the short run.