2025-01-28 05:20:47 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 exhibited a positive movement with a gain of Rs.380, trading at Rs.79,950 in MCX, supported by a weaker rupee. In the international market, Comex gold found strong support near $2,735, maintaining its upward momentum. The upcoming U.S. Federal Reserve policy decision and India's Union Budget are critical events, keeping participants cautious and focused on potential developments. These events are likely to drive volatility in the gold market, with near-term support seen around Rs.79,000 and resistance at Rs.80,600 in domestic."
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