Overview
- Spot gold traded around $5,185–$5,190 per ounce on Feb. 26 after touching multi‑week highs, while spot silver hovered near $90 with quick intraday swings reported by Reuters and Bloomberg.
- Indian benchmarks showed a pullback on Thursday, with MCX April gold down about 0.25–0.33% to roughly Rs 1,60,600–1,60,741 per 10g and MCX silver near Rs 2,65,000 per kg after a strong prior session.
- Retail prices in India remained elevated this week, with Delhi gold quoted near Rs 1.64 lakh per 10g and silver at about Rs 2.78 lakh per kg, according to the All India Sarafa Association.
- Pakistan’s 24‑karat gold reached Rs 541,262 per tola on Feb. 25 before easing by Rs 700 to Rs 540,562 on Feb. 26, with rates guided by the All‑Pakistan Gems and Jewellers Sarafa Association.
- Analysts cited safe‑haven demand due to US–Iran tensions and tariff uncertainty, offset by profit‑taking and currency moves, with central‑bank buying and defined technical support zones underpinning the medium‑term outlook.