Overview
- In international trade, spot gold eased by about $24 to roughly $4,322 per ounce, while Comex February futures closed near $4,332 after a $25 decline.
- Pakistan’s 24-carat gold fell by Rs2,400 per tola to Rs454,562, with local silver also lower by Rs83 per tola to Rs7,635.
- India’s physical market opened stronger, with 99.9% purity gold up Rs640 to Rs1,38,340 per 10 grams in Delhi, even as silver weakened by Rs1,600 to Rs2,37,400 per kg.
- Analysts linked the pullback to investor profit-taking, a rebound in U.S. yields and currency moves, and they cautioned that volatility could persist in the near term.
- Market experts said China’s new curbs on silver exports could sway supply and pricing, following a 2025 surge that left gold up about 73% and silver up roughly 164%.