Quote on Gold 01 July 2025 by Jateen Trivedi, VP Research Analyst

2025-07-01 06:14:23 pm | Source: LKP Securities Ltd

Quote on Gold 01 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Gold 01 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold traded positive as dollar weakness continued to support prices.

Comex Gold surged by $30 to $3345, while MCX Gold rose by Rs.1200, settling around Rs.97,300. The sentiment remains buoyant this week, driven by expectations around key US economic data, particularly the Non-Farm Payrolls, unemployment figures, and ADP non-farm employment change.

With participants increasingly pricing in sustained dollar weakness, gold continues to attract safe-haven buying.

Gold price range expected Rs.96,500 – Rs.97,850 & $3310, to $3375"

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Quote on Gold 01 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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