Overview

• Spot bullion pushed beyond $4,000/oz and touched about $4,059 intraday on Oct. 8, while silver advanced toward $50/oz in global trade.
• Pakistan’s benchmark price jumped to a record Rs425,178 per tola, and India’s rate reached Rs 1,23,430 per 10 gm, according to local industry data.
• Market drivers cited by analysts include geopolitical strains, economic uncertainty and rising bets on further US interest-rate cuts as shutdown worries persist.
• Sustained central-bank purchases and record September inflows into gold-backed ETFs provided additional support, according to the World Gold Council.
• Some analysts warn the rally looks overbought after an extended winning streak, with forecasts of a possible $400–$500 pullback if sentiment shifts.