Quote on Gold 09th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 09th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded in a narrow range today after an exceptional rally, with prices consolidating recent gains. The sustained momentum in gold is supported by the U.S. government shutdown concerns and the growing “de-dollarization” theme, which continue to boost safe-haven demand. At Rs.1,23,100 in the domestic market and above $4,000 on Comex, gold remains in overbought territory, indicating the potential for a sharp corrective move. Traders should maintain strict trailing stop-losses to safeguard profits. For the near term, gold is expected to move within the range of Rs.1,21,500 to Rs.1,25,000"
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