Overview

• Spot bullion set fresh records on Oct. 15, with gold near $4,218 per ounce and silver around $52–53 after a liquidity squeeze.
• India logged new peaks as the All India Sarafa Association put 99.9% purity gold at Rs 1,31,800 per 10 grams in Delhi, while MCX futures touched Rs 1,27,500 and silver pulled back after hitting Rs 1,85,000 per kg.
• Pakistan’s rates climbed again, with 24‑karat gold reaching Rs 440,900 per tola and Rs 378,000 per 10 grams, tracking the global surge.
• Supply strains intensified in silver, with Mumbai’s Zaveri Bazaar quoting levels above Rs 2 lakh per kg and jewellers halting new orders as premiums and delivery delays widened.
• Retail signals were mixed, with Tanishq reporting a festive surge and FOMO‑driven buying of coins and bars, even as some jewellers flagged weaker jewellery sales and analysts warned of elevated volatility.