South Asia Gold Prices Slip While Global Bullion Rebounds From One-Week Low
Traders look to upcoming US data and shifting Fed cut odds to set the next move for bullion.
Overview
- Pakistan’s APGJSA reported per‑tola gold down Rs7,000 to Rs423,662, with 10‑gram prices at Rs363,221.
- Indian gold fell to about Rs1,23,040 per 10 grams, extending a multi‑session decline across major cities.
- International spot gold traded near $4,065–$4,068 per ounce after recovering from a one‑week low around $3,997, according to Reuters and Bloomberg.
- Interactive Commodities’ Adnan Agar warned that a close below $4,000 could open a move toward $3,920–$3,950.
- Despite the pullback, prices remain up roughly 50% this year with support from central‑bank buying and ETF inflows, though Macquarie forecasts a cooling over the next year.