Quote on Gold 16th January 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 16th January 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
“Gold traded in a flat-to-positive range, holding firm near Rs 1,43,150 in MCX and around $4,605 on Comex, as prices comfortably sustained above the $4,600 mark. Ongoing geopolitical uncertainty between the U.S. and Iran continues to lend support, even as Washington indicated no immediate military intervention if Iran refrains from escalating actions. However, the situation remains fluid with additional global flashpoints, including renewed strategic focus on Greenland, keeping risk sentiment elevated. In this environment, gold continues to attract premium safe-haven demand as an alternative to the dollar. With the U.S. Federal Reserve’s January policy meeting approaching, participants are closely tracking multiple triggers that could influence price action. Gold is expected to remain volatile within a broad range of Rs 1,41,000–Rs 1,45,000 in the near term."
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