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Below the Quote on Gold 02nd January 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

“Gold traded positive with gains of over Rs 1,000, settling near Rs 1,36,900 in MCX, while Comex gold surged by around $70 to trade near $4,385. The strength in bullion prices is supported by rising expectations of a U.S. Federal Reserve rate cut, which continues to keep the broader trend positive. However, recent sessions have been marked by sharp volatility as profit booking emerges from higher levels, partly triggered by increased margin requirements. Going ahead, market focus shifts to key U.S. economic data next week, including ADP Non-Farm Employment, Non-Farm Payrolls, and the Unemployment Rate, which are likely to drive fresh volatility. Gold is expected to trade in a broad range of Rs 1,34,000–Rs 1,40,000 in the near term."

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