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Below the Quote on Gold 05 June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold Rises on Dollar Weakness, Silver Surges to 12-Year High

Gold prices traded higher, supported by a weaker dollar and renewed safe-haven demand amid lingering tariff uncertainty and U.S. debt concerns. Comex gold scaled above $3395, while MCX gold gained Rs.500 to trade above Rs.98,450. The broader sentiment in the bullion space remains positive, driven by geopolitical tensions and ongoing imbalance in global trade and financial dynamics.

Silver also marked a historic move, breaching the $35 mark on Comex for the first time in 12 years. On MCX, silver surged over Rs.3,000 to cross Rs.1,04,000, highlighting strong investor interest in precious metals.

Going forward, gold is expected to trade in a positive range between Rs.97,000 and Rs.99,500, with sentiment hinging on upcoming U.S. economic data and geopolitical developments."

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