Quote on Gold 04th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 04th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices traded very strong with a sharp rise of Rs.750 at Rs.1,00,550, driven by a weak rupee and disappointing U.S. Non-Farm Payroll data on Friday. The weak labor data supported Comex gold, which climbed to $3355, lifting MCX gold sharply from lows of Rs.98,250. Tariff-related concerns and rupee depreciation added to the upside momentum. Looking ahead, focus shifts to the upcoming RBI policy and U.S. manufacturing data. Gold is expected to remain volatile within a broader range of Rs.98,000–Rs.1,02,500."
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