Overview
- Spot gold set an intraday record near $5,592 and last traded around $5,555, while spot silver hit a new peak near $119, extending a rapid multi‑session surge.
- Pakistan logged a second straight record day, with gold up another Rs21,200 per tola to Rs572,862 after Wednesday’s Rs21,100 jump, and silver rising to Rs12,175 per tola.
- Indian markets followed global gains as MCX silver futures crossed Rs 4 lakh per kg and gold futures climbed toward Rs 1.8 lakh per 10 grams, both at lifetime highs.
- Trading venues moved to curb volatility: global exchanges tightened silver margins and position limits, and Pakistan’s PMEX suspended silver contracts pending stabilization.
- The rally drew support from central bank buying, investor inflows, the Federal Reserve’s rate hold with increased odds of cuts, and heightened US‑Iran tensions after new warnings from President Trump.