Overview
- Domestic 24‑carat gold in India was quoted around ₹14,357 per gram (about ₹1.46 lakh per 10g) in mid‑July, with city and brand premiums producing small local variation.
- Pakistan’s market posted a modest rise to roughly Rs425,036 per tola and then Rs425,436 as international gains filtered into domestic quotes on Thursday.
- International spot gold traded near $4,030–4,047 per ounce as traders weighed a drop in US producer prices that eased the dollar against renewed US Central Command strikes on Iran that pushed investors toward safer assets.
- Muted buying by jewellers and industrial users has kept local demand weak and prices range‑bound, while silver edged lower on softer industrial interest.
- Gold has corrected about 25% from its January peak and is now consolidating, so the near‑term direction will hinge on further US inflation data, Federal Reserve signals, and any escalation in Middle East supply risks that could move oil prices.