Quote on Gold 04th Aug 2025 by Jateen Trivedi, VP Research Analyst

2025-08-04 05:35:24 pm | Source: LKP Securities Ltd

Quote on Gold 04th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

News By Tags | #Gold #CommodityTips #ExpertViews #LKPSecuritiesLtd #JateenTrivedi

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."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Gold 04th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Top News

Tag News

More News