Overview
- Pakistan’s All Pakistan Gems and Jewellers Association set gold at Rs 469,562 per tola, up Rs 3,400, and silver at Rs 8,195 per tola, up Rs 70.
- Dubai Jewellery Group reported 22K at Dh500.25 per gram as spot gold climbed to about $4,510 per ounce following the US payrolls miss.
- Silver snapped losses with spot near $78 per ounce and India’s MCX futures touching roughly Rs 2.50 lakh per kg after a turbulent week.
- Market moves were linked to safe-haven flows tied to US–Venezuela tensions and tariff risks, while Bloomberg Commodity Index rebalancing and a firm dollar constrained upside, especially for silver.
- Recent swings underscored volatility after Pakistan’s Jan 8 dip to Rs 466,162 per tola, with Indian retail gold edging higher and analysts flagging ETF inflows and upcoming US data as near-term catalysts.