Overview
- Spot bullion was last near $4,074 per ounce after swinging between roughly $3,997 and $4,080, with U.S. futures tracking similar levels.
- In India, local prices steadied after a multi-session slide, as MCX December gold futures rose about Rs 674 to roughly Rs 1,23,314 per 10 grams.
- Pakistan’s benchmark rate climbed by Rs 7,900 to Rs 431,562 per tola after an earlier quote of Rs 423,662, reflecting the global uptick.
- Markets are awaiting FOMC minutes today and a delayed U.S. payrolls report Thursday, with CME FedWatch putting December cut odds near 49%.
- Despite the pullbacks, gold is up about 50–55% in 2025 on ETF inflows and central-bank buying, with some analysts flagging a $3,880–$4,150 weekly range.