2025-04-15 06:18:54 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 remained firm within a positive range as ongoing weakness in the dollar index and persistent tariff-related uncertainty sustained safe-haven demand and long positions. In Comex, gold held its ground above the key support at $3200, with visible resistance emerging near $3255. Domestically, MCX gold traded flat around Rs.93,350, as gains were capped by rupee appreciation. However, the broader sentiment remains bullish, considering the sharp 8% rally from Rs.87,000 since April 7, 2025. With risk appetite still cautious and investors closely tracking global developments, volatility is expected to persist. In the near term, gold is likely to trade within a range of Rs.91,000 to Rs.94,500 on MCX."
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
Ahasolar Technologies touches the roof on bagging or...
Poonawalla Fincorp shines on raising Rs 1525 crore t...
Grateful to CCI for instituting processes for engag...
Revanth Reddy pitches Telangana for investment at Os...
Pitti Engineering's net profit falls over 21 pc to R...
Rupee strengthens against US dollar on Tuesday
India poised to conclude first part of trade pact wi...
PM NarendraModi and US Vice President Vance welcome ...
HD Kumaraswamy welcomes 12 pc safeguard duty to shie...
India?s largest cruise terminal inaugurated, Rs 5,70...
