Overview
- Spot gold hovered near $4,330 an ounce and silver around $65–66, staying close to record levels after US core CPI rose at its slowest pace since early 2021.
- Silver’s rally has topped 120% this year, with Delhi hitting a lifetime high near Rs 2.07 lakh/kg on Thursday before prices pulled back to about Rs 2.04 lakh on Friday.
- Goldman Sachs now projects gold at $4,900 per ounce by December 2026, pointing to structurally high central‑bank demand and expected support from Federal Reserve cuts.
- In Pakistan, gold climbed to Rs455,762 per tola on Thursday before easing Friday, while silver reached Rs6,900 per tola as local markets tracked global strength.
- The State Bank of Pakistan injected roughly Rs12.35 trillion through open market operations following a policy rate cut to ease short‑term liquidity as bullion stayed elevated.