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

Inside the Lifestyle of a Graphic Designer: A Blend ...

BofA joins peers in lifting rupee forecast; sees 84/...

FIIs stood as net buyers in equities as per May 22 d...

Mamaearth parent Honasa Consumer?s profit falls 18 p...

India`s Sun Pharma posts quarterly profit rise on st...

Indian staffing service TeamLease expects revenue li...

Centre okays 10,900 electric buses for five cities

Evening Roundup : A Daily Report on Bullion Energy &...

India`s Deepak Fertilisers posts quarterly profit ri...

Bajel Projects Ltd Announces Results For The Quarter...