Overview

• Spot gold touched an intraday peak near $3,820 per ounce on Monday, with silver advancing and other precious metals rallying alongside ETF inflows.
• Indian MCX gold futures notched lifetime highs around Rs 1.15 lakh per 10 grams, while silver futures reached about Rs 1.44 lakh per kilogram.
• Pakistan’s industry body reported record domestic prices, with 24K gold at Rs 403,600 per tola and silver also higher.
• A softer dollar and elevated odds of US rate cuts — roughly 90% for October and near two‑thirds for December, per CME FedWatch — supported gains, with safe‑haven interest reinforced by US shutdown risk.
• Analysts flagged scope for profit‑taking and data‑driven swings ahead of US labor and PMI releases, with a shutdown potentially delaying key reports.