Overview
- International gold hovered around $4,150–$4,165 per ounce after a midweek jump, with spot easing about 0.3–0.5% on Thursday as traders booked gains.
- Silver stayed firm near $52 per ounce, extending gains in several sessions even as gold consolidated, with some reports noting fresh supply tightness supporting the metal.
- India’s benchmarks reflected the global move: MCX gold traded around Rs 1,25,500–1,26,570 per 10g, Delhi retail hit roughly Rs 1.30 lakh on Wednesday before slipping by Rs 640 on Thursday.
- Regional transmission remained strong, with Pakistan’s 24K rate at Rs 438,862 per tola and Dubai 24K steady above Dh500 per gram at the market open.
- Analysts cited ongoing central‑bank purchases and ETF interest as structural supports, while investors look to the Dec. 5 PCE release and the Dec. 9–10 Fed meeting for direction.