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Below the Quote on Gold 27th June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold Trades Weak as Risk Sentiment Improves Globally

Gold prices fell sharply below Rs.96,000, down by Rs.1,300, as Comex gold breached the $3,300 support level, triggering fresh selling pressure. The retreat in gold comes amid geopolitical de-escalation, with signs of diplomatic resolution—so-called “white flags”—across major conflict zones, reducing safe-haven demand.

Additionally, Fed Chair Jerome Powell’s recent comments indicating that rate cuts are not imminent further weighed on sentiment. The weaker dollar index confirmed easing global risk, prompting investors to rotate funds into riskier assets like equities and cryptocurrencies.

Gold is expected to remain volatile with resistance seen at $3,325 and support at $3,255 on Comex. In MCX terms, the price is likely to oscillate between Rs.93,500 and Rs.97,500 in the near term."

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