Quote on Gold 17th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 17th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold extended its winning streak with strong gains of Rs.1,700 or 1.30%, reaching Rs.1,31,500, as the ongoing US government shutdown and a dollar index below 99 continued to support safe-haven flows into bullion. The sustained uncertainty in the US economy and delayed data releases have kept investors inclined toward gold as a defensive asset. With momentum staying firmly bullish, gold is likely to remain elevated as long as risk sentiment stays weak. Support is placed near Rs.1,28,000, while resistance is seen around Rs.1,33,000."
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