Quote on Gold 01st September 2025 from Jateen Trivedi, VP Research Analyst

2025-09-01 05:10:58 pm | Source: LKP Securities Ltd

Quote on Gold 01st September 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Gold 01st September 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold traded firm with gains of Rs.1,000 at Rs.1,05,000, supported by rupee weakness and trade-related uncertainty. The rally was further fueled after the U.S. Appeals Court declared Trump’s tariffs illegal, sparking a safe-haven bid. On Comex, gold surged $30 to $3,475, lifting MCX prices in tandem. Near term, strong support is seen at Rs.1,02,500, while resistance stands at Rs.1,07,000. A decisive break above could open the path toward higher highs, while any dip toward support is likely to attract buying interest."

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Quote on Gold 01st September 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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