Quote on Gold 22nd December 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 22nd December 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
“Gold traded sharply higher, gaining nearly Rs.1,800 to cross Rs.1,36,000 and mark fresh historic highs, tracking Comex gold which surged above the $4,400 level. The rally is being driven by strong expectations of a U.S. rate cut and continued central bank buying, which is keeping bullish sentiment firmly intact. However, from a technical perspective, gold is now in an overbought zone, and a sharp bout of profit booking cannot be ruled out if prices slip and sustain below Rs.1,34,000. On the upside, Rs.1,37,500 emerges as the next key resistance. This week, U.S. data including new home sales, the Core PCE price index, and weekly jobless claims will remain crucial triggers for further price direction."
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