Quote on Gold 25th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold 25th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices held in a narrow range as Comex Gold traded between 3360–3370$, consolidating after last Friday’s strong rebound triggered by Fed Chair Powell’s dovish stance at Jackson Hole, which reinforced rate cut expectations. The broader range for Comex Gold remains at 3330–3380$, while in the domestic market, MCX Gold is trading with a positive bias supported by rupee weakness and the firm overseas trend. With this backdrop, MCX Gold is expected to find strong support at Rs.1,00,000, while resistance is seen at Rs.1,02,000."
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