Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold Volatile Amid Rupee Weakness, Trade Deal Hopes, and Border Tensions.
Gold prices remained highly volatile as multiple global and domestic triggers played out simultaneously. In international markets, Comex gold slipped sharply from $3,400 to $3,320 following U.S. President Trump’s announcement of a potential “biggest trade deal,” triggering profit-taking across safe-haven assets. Meanwhile, MCX gold fell by Rs.1,400 to ?95,500 before rebounding sharply towards Rs.97,000, driven by a weakening rupee and escalating border tensions between India and Pakistan.
The combination of geopolitical stress and rupee depreciation has kept domestic gold resilient despite global softness. The broader range for gold is now seen between ?95,000 and ?98,000. A breakout on either side could trigger a 3–4% directional move in the coming sessions."
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