Overview
- International spot gold traded in the roughly $4,190–$4,230 per ounce range on Dec. 4–5 after an earlier drop of about $17 to $4,191, with futures also little changed, according to Reuters and local market tallies.
- Pakistan’s APGJSA reported a Rs1,700 decline to Rs441,462 per tola, with 10‑gram prices down Rs1,457 to Rs378,482 as local rates tracked softer global cues.
- In India, PTI reported a Rs600 fall to Rs1,31,600 per 10 grams in the national capital on Dec. 4, while India Bullion Association figures early Dec. 5 showed a further slide to about Rs1,30,090 per 10 grams nationwide.
- Analysts pointed to weak ADP payrolls and mixed US readings as drivers of cautious positioning ahead of next week’s Federal Reserve policy meeting.
- Silver pulled back slightly after touching record highs near $59 per ounce this week, with coverage noting roughly 100% year‑to‑date gains and fresh ETF inflows lifting holdings to the highest since 2022.