Overview
- Spot gold rose to $4,224.79 after a record $4,225.69, while Comex futures pushed higher to about $4,254.80 in the latest session.
- India’s benchmarks set new highs with MCX December futures at Rs 1,28,395 per 10 grams and Delhi bullion quotes reaching Rs 1,31,800.
- Pakistan’s 24-karat gold price climbed to a record Rs 440,900 per tola, with 10 grams at Rs 378,000, tracking the global surge.
- Silver hovered near its peak around $53 an ounce as MCX contracts hit Rs 1,64,660 per kg, with traders citing tight London liquidity and a short squeeze.
- The rally drew support from intensified US–China trade frictions, a weaker dollar, and sustained central-bank and ETF buying, while some Indian jewellers reported softer Diwali demand at elevated prices.