Overview
- Spot gold rose about $92, up 2.2% to roughly $4,424 per ounce, reversing a brief late‑week pullback.
- Pakistan’s per‑tola gold price jumped Rs9,200 to Rs464,762, with 10‑gram rates up Rs7,888 to Rs398,458.
- India’s February MCX gold futures climbed Rs1,509 to about Rs137,270 per 10 grams, with retail quotes near Rs137,600–138,300 across major cities.
- Silver outperformed as COMEX prices surged around 6% toward $76 per ounce and MCX silver advanced to roughly Rs2,42,750 per kg.
- Analysts cited geopolitical risk from Venezuela and ongoing silver supply strains, while traders are watching upcoming U.S. economic data and Fed signals for direction.