2024-12-13 05:57:44 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 a sharp sell-off as profit booking intensified following mixed signals from US economic data. While the PPI data came in lower, higher weekly jobless claims prompted a retreat in gold prices from $2,710 to $2,670 on Comex. Similarly, MCX Gold tumbled from Rs.79,000 to Rs.77,450, marking a drop of over Rs.1,500 since yesterday. The current weakness suggests a potential trading range of Rs.76,000–Rs.78,000 in MCX, with the short-term outlook remaining cautious amid ongoing market volatility."
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

GST has reshaped India`s economic landscape, says PM...

GST enhanced taxpayer base, Ease of Doing Business i...

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

MOSt Market Roundup : Nifty future closed positive w...

Shubhanshu Shukla leads experiment to decode muscle ...

Cabinet approves Rs 1,853 crore project to build 4-l...

Quote on Rupee 01 July 2025 by Jateen Trivedi, VP Re...

Quote on Gold 01 July 2025 by Jateen Trivedi, VP Res...

Nasscom unveils Talent Council to drive India`s futu...

Quote on Market 01 July 2025 by Vinod Nair, Head of ...