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

2025-02-10 05:24:14 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 witnessed strong gains, surging above Rs.85,800 in MCX and hitting $2,900 in spot markets as Trump’s new round of tariffs on metal products intensified trade war concerns. With no specific clarity on which countries are included or excluded, uncertainty in global trade has driven significant bullion buying. Rupee lowest level of 87.94 also provided major support to gold in domestic market. Given the growing risk-off sentiment, gold is expected to maintain a positive trend, with a projected range of Rs.84,000-Rs.86,500 in the coming days."

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

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