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."
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
India`s UPI can herald cashless era in South Africa
Diversified feedstock, demand-side flexibility, poli...
SEBI has made Indian markets safer, more transparent...
Government BHAVYA scheme to create new generation of...
India`s digital, education reforms reach over 1.49 l...
Bharat Innovates 2026: India wins Silicon Valley`s i...
Non-fossil energy share must exceed 80 pc for net-ze...
FPI selling in India likely to slow down significant...
Inflation in Telangana continues to be highest among...
Monthly SIPs in India grow nearly 10 times over last...
