Overview
- Spot bullion recovered from a one-week low to trade around $4,074–$4,092 per ounce on Wednesday, snapping a multi‑session slide as futures also ticked higher.
- Minutes from the Federal Reserve’s latest meeting are due Wednesday with September payrolls slated for Thursday after the shutdown delay, and market odds for a December cut sit near the mid‑40% range.
- Pakistan’s APGJSA first reported a drop to Rs423,662 per tola before a sharp rebound to Rs431,562 as international prices firmed near $4,092.
- India’s market showed divergent prints, with early reports near Rs 1,23,040 per 10 grams followed by city quotes around Rs 1,24,860 and MCX futures up roughly 0.5%.
- Gold remains up about 55% in 2025 on central‑bank buying and ETF inflows, while silver tracked the bounce with Comex prices above $51 per ounce.