Quote on Gold 08 July 2025 by Jateen Trivedi, VP Research Analyst

2025-07-08 04:40:59 pm | Source: LKP Securities Ltd

Quote on Gold 08 July 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 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"

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 08 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Top News

Tag News

More News