Gold Extends Rally in Asia on July 3 After Rebound

Gold prices continued rising on July 3 in Malaysia, India and Pakistan, building on the rebound that began July 2. Local gram prices climbed to MYR 546.72, INR 12,800.74 and PKR 37,266.16 after three consecutive daily declines through July 1 that had taken Malaysia to MYR 520.77, India to INR 12,115.71 and Pakistan to PKR 35,494.24. The recovery tracked firmer international XAU/USD benchmarks converted via local FX rates, underscoring gold’s routine inverse sensitivity to the U.S. dollar amid steady macro conditions.