Overview
- Spot gold hovered near fresh records around $4,988 per ounce as silver vaulted above $100 for the first time during the latest leg of the rally.
- Safe-haven flows tied to US–Europe tensions over Greenland, a softer dollar and rising expectations of Federal Reserve easing supported bullion.
- US government data show large speculators increased net-long gold positions to 139,162 contracts, while banks cited renewed buying by private investors and central banks.
- Pakistan set new domestic highs with APGJSA pricing at Rs514,662 per tola, and Indian 24-karat retail quotes held near Rs1.57 lakh per 10 grams across major cities.
- Global stocks were muted as metals surged, and analysts warned of elevated short-term volatility and the risk of pullbacks after near-parabolic moves.