2025-01-27 06:00:41 pm | Source: LKP Securities Ltd
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 experienced volatile trading as the first session of the week saw profit booking, with Comex gold encountering resistance near $2,770 but maintaining strong support around $2,750, showcasing resilience to break below that level. In the domestic market, MCX gold traded within a range, with buyers capitalizing on the weak opening as Rs.79,675 provided immediate support ahead of the U.S. Federal Reserve's interest rate decision. The upcoming Fed policy announcement remains a key focus for market participants, and gold is likely to remain range-bound, trading between Rs.79,000 and Rs.80,600 in the short term."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News

PNC Infratech`s profit tanks 80 pc to Rs 75.43 crore...

India clocks 6.5 pc GDP growth in 2024-25, Q4 growth...

Tourism to contribute 10 pc of national GDP by 2030:...

Lifestyle & MasterChef: The Cultural Impact of Culin...

Comment on India`s GDP data by Ajay Garg, CEO, SMC G...

UPI share surges to 83.7 pc in digital transactions ...

Indian Telecom Revenue to Grow 10-12% in FY2026; ARP...

Perspective on GDP data by Arsh Mogre, Economist, PL...

Dharavi Redevelopment Project`s master plan to ensur...

Perspective on GDP Data by Ms. Rajani Sinha, Chief E...