Quote on Gold 13th October 2025 by Jateen Trivedi, VP Research Analyst

2025-10-13 04:30:06 pm | Source: LKP Securities Ltd

Quote on Gold 13th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Gold 13th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold prices opened sharply higher with a strong gap up of Rs.2,000, trading above Rs.1,23,200 per 10 grams, as renewed U.S.-China trade tensions reignited safe-haven demand. The U.S. administration’s announcement of a 100% tariff hike on select Chinese products, coupled with China’s threat to restrict rare earth exports, has heightened global uncertainty and risk aversion. This geopolitical tension, along with sustained demand from investors seeking safety, continues to keep gold’s outlook bullish."

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Quote on Gold 13th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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