2025-08-19 05:04:41 pm | Source: LKP Securities Ltd
Quote on Gold 19th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 19th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices traded slightly weak but remained range-bound between Rs.99,000–Rs.99,400 on MCX, while Comex hovered below $3,350. However, strong support emerged near $3,330 in early trade, leading to a recovery toward the $3,345 zone. Going ahead, gold is expected to trade with a mildly positive bias within Rs.99,000–Rs.1,00,000 on MCX and $3,335–$3,360 on Comex. Market participants now shift focus to Friday’s Jackson Hole speech by Fed Chair Jerome Powell, which will be the key driver for volatility and direction."
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