Quote on Gold 29th August 2025 from Jateen Trivedi, VP Research Analyst

2025-08-29 04:41:16 pm | Source: LKP Securities Ltd

Quote on Gold 29th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Gold 29th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold prices stayed positive as the market reacted to a falling rupee, with COMEX gold trading in a tight yet volatile range near $3405 between $3415-$3404. However, rupee weakness provided MCX gold with a push of nearly Rs.500, lifting prices to Rs.1,02,600. Growing trade tariff concerns and unresolved India-US trade-related issues continue to keep gold elevated, while the depreciating rupee makes gold more expensive in Indian markets. In the coming days, gold prices are expected to remain in the range of Rs.1,00,000-Rs.1,05,000.."

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Quote on Gold 29th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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