Gold Insight As On 01092025 by Amit Gupta, Kedia Advisory
Dollar Index
Gold $
Gold Silver Ratio
MCX Gold
USDINR
Conclusion
* MCX Gold hits record high of 1,05,937, supported by rupee weakness as USDINR slips to an all-time low of 88.30.
* Geopolitical risks intensify with renewed Russia-Ukraine tensions and failed ceasefire talks, boosting safe-haven demand.
* Trade war concerns resurface as tariff tensions escalate, adding to global economic uncertainty.
* China’s continued gold buying and dovish Fed outlook support strong physical and investment demand.
* Technical outlook: Resistance at 1,03,500 and support at 1,00,350; breakout above resistance may trigger further rally, while dips likely remain well-supported.
Gold on MCX hit an all-time high of 1,05,937, supported by rupee weakness with USDINR at 88.25. Geopolitical tensions, trade war risks, and China’s consistent buying added to safe-haven demand. $Gold rallied near all time, alongside rising expectations of a September Fed rate cut, further boosted sentiment. With traders pricing in an 86% chance of a 25 bps cut, gold’s outlook remains bullish.
Key resistance lies at 1,06,400 / 1,08,000, while strong support is placed at 1,02,000, keeping the trend positive.
Stay Cautious, avoid any big positions.
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