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2025-05-06 12:24:51 pm | Source: Kedia Advisory
Buy Gold Jun @ 94400 SL 94100 TGT 94800-95200. MCX - Kedia Advisory
Buy Gold Jun @ 94400 SL 94100 TGT 94800-95200. MCX - Kedia Advisory

Gold

BUY GOLD JUN @ 94400 SL 94100 TGT 94800-95200. MCX

 

Observations

Gold trading range for the day is 92215-96065.

Gold rose driven by a weaker U.S. dollar, with traders awaiting further clarity on U.S.-China trade negotiations.

President Donald Trump said he believed China wanted to do a deal, though he provided no specifics or timeline.

Gold share in India's forex reserves rose to 11.7% by March 2025.

RBI held 879.59 metric tonnes of gold at March-end.

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