2025-04-11 05:54:28 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 extended its record-setting rally, soaring by ?1,500 to hit fresh lifetime highs near ?93,500 on MCX, defying rupee strength as geopolitical tensions and tariff battles between the US and China escalated further. The reciprocal tariff actions have injected fresh uncertainty into global trade flows, prompting increased hedge positions in safe-haven assets like gold. Despite domestic currency appreciation, the robust global cues and heightened economic concerns have kept sentiment strongly bullish for bullion. With momentum in favor of buyers, gold now eyes the resistance zone of ?94,500–?95,000, while ?92,000 serves as an important support. Ongoing developments in the tariff dispute and investor positioning ahead of key global economic data will continue to drive price action."
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
Commodity Research - Morning Insight - 04 Mar 2026 b...
Kawasaki W230 Review: Retro Soul Meets Modern Engine...
.jpg)
Buy Latent View Analytics Ltd for the Target Rs.490 ...
USDINR Report As On 02 nd Mar2026 By Amit Gupta - Ke...
Monthly Update on Automobiles by Aditya Jakhotia, Re...
Natco Pharma rises on launching Pomalidomide capsule...
Nectar Lifesciences jumps on getting nod to acquire ...
Buy Apollo Tyres Ltd for the Target Rs.600 by Emkay ...
Emerald Finance surges on partnering with Netgen world
Top Camera Phones for Content Creators in 2026 ? Cap...
More News
Quote on Gold Commentary: 28th July 2025 by Mr. Manav Modi, Senior Analyst, Commodity Resear...
Quote on Gold 21th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Gold 04 June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Daily gold commentary by Mr. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd