2025-07-22 05:40:25 pm | Source: LKP Securities
Quote on Gold 22 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 22 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold traded in a narrow and volatile range between Rs.99,100–Rs.99,450 on MCX and $3395–$3383 on Comex, reflecting a lack of fresh triggers from trade deals or major global developments. Market participants await Fed Chair Powell’s speech later in the evening for policy cues. Looking ahead, US Manufacturing and Services PMI data will be closely tracked for direction. In the near term, gold is expected to remain range-bound with MCX support at ?98,500 and resistance near Rs.1,00,500."
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