Overview
- Spot gold rose about 0.3% to roughly $4,209 per ounce as the dollar weakened ahead of the Dec 9–10 Fed meeting.
- Futures pricing signals roughly 86–88% odds of a 25-basis-point cut, with investors looking to Powell's remarks for clarity on the path into 2026.
- Silver hovered near record territory after touching $59.32 per ounce on Friday and has nearly doubled this year on tight supply and strong industrial demand.
- Indian prices stayed elevated with Mumbai 24-carat at about Rs 1,30,420 per 10 grams, while Delhi quotes eased to Rs 1,32,600 on softer local demand.
- Pakistan’s per-tola rate climbed by Rs 1,600 to Rs 443,762, and Dubai’s 24K price edged up to Dh507 per gram, reflecting the transmission of global gains.