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
No fuel shortage at retail outlets, LPG stock adequa...
India`s industrial, warehousing sector's absorption ...
India's electronics manufacturing surges 6 times to ...
The index opened on a gap-up note but gradually drif...
Adequate seed stock available for upcoming sowing se...
IT Sector Update : AI Infra: Growth opportunity for ...
Aviation Sector Update : Indigo gets a relief as dom...
India`s venture capital funding at $16 billion in 20...
Maruti Suzuki India, Tata Motors and Toyota post str...
Shri Subhankar Sen, Director (Marketing), takes over...
More News
Quote on Nickel`s Comeback on MCX: What Happened & What`s Ahead by Anindya Banerjee, Head Co...
U.S., Global Cotton Production and Stocks Revised Lower by Amit Gupta, Kedia Advisory
U.S. Rice Outlook: Higher Stocks, Lower Exports, and Price Dip by Amit Gupta , Kedia Advisory
Quote on Gold Commentary: 25th June 2025 by Mr. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial servi...