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"
Above views are of the author and not of the website kindly read disclaimer
More News
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
