Quote on Gold 07th January 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 07th January 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
“Gold traded weak as rupee strength of around 0.30% to 89.84 limited gains in the domestic market, pulling MCX gold lower by nearly Rs.900 to Rs.1,38,250 despite relatively steady international prices. Rupee appreciation weighed on local bullion sentiment, even as broader global cues remain mixed. The week ahead is data-heavy for the U.S., with ADP non-farm employment, non-farm payrolls, and initial jobless claims lined up, which could add volatility and direction to gold prices. For now, gold is expected to trade in a volatile range between Rs.1,36,500 and Rs.1,41,000 in the near term."
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