Overview
- Global spot gold dropped roughly $35 to about $4,605 per ounce in the late‑August move, with the weakness registering in regional markets on Friday.
- Pakistan’s official rate published by the All Pakistan Sarafa Gems and Jewellers Association fell Rs3,500 per tola to Rs483,036 with 10 grams opening at about Rs414,125.
- India’s MCX gold futures have slid for four straight sessions, down about 3.25% over that stretch with October contracts trading near ₹1,58,100 per 10 grams while city retail quotes remain higher and variable.
- Silver showed mixed regional behavior, rising modestly in Pakistan to about Rs7,329 per tola while Indian retail and futures silver remained high but eased slightly during festival buying.
- Traders linked the move to a stronger dollar and higher U.S. Treasury yields as markets awaited Fed guidance, leaving near‑term direction sensitive to Jackson Hole commentary, dollar moves and local retail demand.