Overview
- Spot gold traded near $4,510 per ounce Friday evening as Dubai’s 22K price crossed Dh500 per gram after a weaker US payroll print.
- Indian city rates on Jan. 10 showed 24K at about Rs 1,39,320 per 10 grams in Mumbai, with spot silver near Rs 2,48,900 per kg.
- Pakistan’s 24K price rose Rs 3,400 per tola on Jan. 9 to Rs 469,562 and climbed again on Jan. 10 to around Rs 473,000 per tola, tracking gains overseas.
- Silver rebounded in India to Rs 2.50 lakh per kg, and international prices firmed toward $78–80 per ounce after steep index-driven losses earlier in the week.
- Analysts cited commodity-index rebalancing, dollar strength, tariff-related legal risks and US–Venezuela tensions as key drivers, while Indian jewellers reported thin retail demand and lower premiums.