Overview
- Spot gold traded around $4,230 on Friday and Comex February futures hovered near $4,260, with a softer dollar lending support as markets weigh rate-cut odds reported as high as about 87%.
- Indian retail prices eased to roughly Rs 1.29–1.30 lakh per 10 grams across major cities, with New Delhi near Rs 1,29,630 and Mumbai about Rs 1,29,850, according to industry gauges.
- On the MCX, February gold futures rebounded to about Rs 1,30,829 per 10 grams after earlier declines, underscoring sharp intraday swings ahead of key U.S. inflation prints.
- Pakistan’s APGJSA reported domestic gold at roughly Rs 441,462 per tola and Rs 378,482 per 10 grams, extending local declines that tracked the earlier global pullback.
- Silver held near $57 after notching records this week, with analysts citing roughly a 100% year-to-date surge driven by ETF inflows and a structural supply deficit.