$XAU
Gold and silver are experiencing intense volatility. While prices hit staggering record highs yesterday, $XAG
they have seen a slight pullback this morning as geopolitical fears regarding Greenland and European tariffs marginally eased.
Current Market Prices (Global & Local)
Spot Gold: Trading around $4,780–$4,800 per ounce, down from yesterday’s record peak of $4,887.
Spot Silver: $SOL
Currently near $92.30–$93.00 per ounce, retreating from its all-time high of $95.87.
Pakistan (Local): Gold hit an all-time high of Rs 506,362 per tola on January 21. Silver is approximately Rs 9,933 per tola.
India (Local): 24K Gold is roughly ₹155,200 per 10 grams; Silver is near ₹320,000 per kg.
Key Market Drivers Today
Trump's Tariff "De-escalation": Prices cooled slightly after President Trump indicated a potential deal to resolve the Greenland dispute and ruled out military force, reducing the "panic premium" in the market.
Economic Data: Investors are shifting focus to the US PCE Inflation report (due later today), which will provide clues on the Federal Reserve's next interest rate move.
Safe-Haven Status: Despite the slight dip, both metals remain in a long-term bullish trend. Geopolitical friction between the US and the EU remains high, keeping demand for "safe" assets strong.
Supply Deficits: Silver, in particular, continues to be supported by a massive global supply shortage and high demand for solar panels and EVs.
Expert Outlook
Most analysts suggest a "buy on dips" strategy. While the immediate "tariff shock" is fading, long-term targets remain aggressive, with some forecasts projecting gold could test $6,000 and silver could reach $175 by the end of 2026 if trade wars escalate.