Quote on Gold 08 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 08 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded weak by Rs.440 at Rs.96,820 as Comex gold slipped 0.45% to $3,322, while rupee appreciation of 0.23% added further pressure on domestic gold prices.
Gold continues to face stiff resistance in the $3,330–$3,350 zone, while $3,290 remains a strong support level. In rupee terms, Rs.97,500 is acting as resistance and Rs.95,500 as support. Going ahead, this range-bound trend may witness a breakout on either side, depending on the developments around U.S. trade deals or potential tariff announcements"
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