2025-04-04 04:52:44 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 witnessed profit booking with prices down by ?650 at ?89,450 in MCX, following the official announcement of tariff pricing. The move comes as the markets had already priced in the impact of reciprocal trade tariffs over the past few months, making profit-taking a natural outcome. With the tariff premium now largely discounted, further downside pressure may emerge as geopolitical tensions—especially from Russia-Ukraine and the Middle East—remain relatively subdued. This easing of global uncertainty could lead to a softening in safe-haven demand. On the technical front, Comex gold faces strong resistance at the $3,120–$3,130 zone, while immediate support is seen around $3,050–$3,055. A break below this could accelerate selling pressure in the near 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
Market Commentary (closing) for 24th March 2026 by B...
Daily Market Commentary for March 24th 2026 By Siddh...
'People-centric Green Budget': Education Minister ha...
95 pc Indian women ready for AI-focused role
India building world?s largest 30 GW renewable park ...
Gas refineries operating at high capacity, 18,700 to...
India`s energy diversification strategy 'wise move':...
IPO Report : Powerica Ltd by by Choice Broking
Two LPG ships carrying 92,600 tonnes LPG on way to I...
Sensex jumps 1,372 points, Nifty near day`s high as ...
More News
Quote on Gold Market Update by Manav Modi, Senior Analyst, Commodity Research at Motilal Osw...
Reaction on New Oil & Gas Pipeline Tariff and Data-Sharing Reforms by Dr. Kapil Garg, Managing Director, Oilmax Energy Pvt. Ltd...
Copper Slides as Dollar Strength Weighs by Amit Gupta, Kedia Advisory
Oil Shock or Buying Opportunity? What History Says About Stocks After Oil Surges by Amit Gupta, Kedia Advisory