Overview

• Spot gold touched $4,179.71 per ounce before easing to about $4,140, extending a run of fresh highs.
• Pakistan’s APGJSA set 24-karat gold at Rs435,100 per tola after a Rs6,900 jump, with 10 grams at Rs373,028.
• New Delhi prices breached Rs1,30,000 per 10 grams for the first time, with 99.9% purity quoted at Rs1,30,800 by the All India Sarafa Association.
• Silver in India hit a lifetime peak of Rs1,85,000 per kilogram after five consecutive sessions of gains.
• Trade reports pointed to renewed U.S.–China strains, expectations for Fed rate cuts, a weaker rupee, strong festival buying, and a $20 physical premium in Pakistan.