Quote on Gold 05th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 05th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded weak by Rs.400 at Rs.1,00,780 as Comex gold faced resistance near the $3370–$3375 zone, while the rupee holding firm around 87.80 added slight pressure to domestic prices. Market participants are watching Manufacturing PMI numbers, but the primary focus remains on trade tariff developments, with the U.S. looking to recalibrate tariffs in its favor. Despite the short-term dip, gold continues to price in the broader impact of trade tariff uncertainty and dollar weakness, keeping the overall trend supported. Gold is expected to trade in a volatile range of Rs.99,000–Rs.1,01,500."
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