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US Jobs Surprise Pressures Gold, India Retail Falls as Pakistan Prices Jump After Trade Ban Lift

Strong hiring data cut odds of a December Fed rate reduction.

Overview

  • The US Labour Department reported 119,000 September nonfarm payrolls versus about 50,000 expected, boosting the dollar and curbing near‑term Fed easing bets.
  • Global bullion was volatile, with COMEX gold moving between roughly $4,035 and $4,079 per ounce over the week.
  • Delhi gold fell by Rs 600 to Rs 1,26,100 per 10 grams and silver slid around Rs 2,000 to Rs 1,56,000 per kg, according to the All India Sarafa Association.
  • MCX futures recovered as the rupee weakened, with the most‑traded December contract rising to approximately Rs 1,23,895 per 10 grams.
  • Pakistan lifted its ban on gold imports and exports by restoring the governing SRO, and local prices jumped to Rs 428,862 per tola with 10-gram at Rs 367,680, APGJSA said.