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

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

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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."

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

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