Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

2025-03-27 05:20:08 pm | Source: LKP Securities Ltd

Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold prices surged near $3,050 in Comex as expectations of lower US GDP data and the anticipated reciprocal tariffs from the US on April 2, 2025, fueled uncertainty. Additionally, new threats from the US towards the Eurozone over potential support for Canada have heightened market risks, further boosting safe-haven demand. In the domestic market, MCX Gold traded positively with gains of Rs.750 at Rs.88,400. With rising uncertainty, the price range has shifted higher to Rs.87,000-Rs.89,250."

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Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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