Overview
- Spot bullion hovered around $4,110–$4,140 per ounce after a near three‑week high, with brief pullbacks on profit‑taking.
- Pakistan’s benchmark quote reached Rs435,762 per tola, with 10 grams at Rs373,595, according to APGJSA.
- In India, 24‑carat gold in Mumbai was about Rs1,25,850 per 10 grams, while MCX December futures traded near Rs1,24,340.
- Market‑implied odds of a December Federal Reserve cut increased, with estimates ranging from the mid‑60% to above 90% following weak US labor data and Senate approval of a shutdown‑ending measure.
- Analysts flagged near‑term support at $4,110–$4,075 and resistance at $4,190–$4,210, while silver gained with Comex near $51.5/oz and MCX contracts higher.