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Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold prices remained under pressure as profit booking extended from overbought levels, with renewed optimism around US trade deals with India and potentially China prompting investors to trim positions. Prices have corrected over 3.40% this week, currently hovering near Rs.1,22,000, as traders await key US CPI data due later in the evening, which is likely to add to market volatility. The ongoing US government shutdown and uncertainty around trade negotiations are expected to keep sentiment cautious. In the near term, gold prices are likely to remain volatile within a range of Rs.1,18,000–Rs.1,25,500, with bias tilted slightly negative until clarity emerges on these macro developments."

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