Overview

• Spot gold set a fresh high near $3,833 on Monday and pushed toward $3,867 early Tuesday before easing back toward $3,800 on profit‑taking.
• Silver advanced to roughly $47 per ounce, its highest level in more than 14 years, extending a powerful late‑September surge.
• Safe‑haven flows intensified on expectations of further Federal Reserve rate cuts, a softer dollar and the risk of a U.S. government shutdown that could halt key data releases.
• ETF demand strengthened with SPDR Gold Trust holdings at the highest since 2022, while sustained central‑bank buying continued to underpin prices.
• Local benchmarks hit records as India’s spot market quoted gold up to Rs 1,19,500 per 10g and silver at Rs 1.50–1.51 lakh/kg, and Pakistan’s gold price topped Rs 400,000 per tola.