Quote on Gold 13t June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 13t June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices surged sharply crossing 100000rs in MCX, Geopolitical issues escalating further with Israel attacks on Iran and Nuclear sites rumoured to be targeted. Prices react with 1500-1900rs gains as Iran retaliate treats looms which can create war situations between the two. In comex prices surged passed 3425$ gains of 50$ but Indian price rose 2% due to rupee weakness which fell by 0.60rs to 86.10. Support now looked at 98000 and major resistance which is extended levels at 102500 in short term."
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