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
Intense talks continue to reach interim India-US tra...
Buy BrainBees Solutions Ltd For Target Rs. 488 By JM...
Sell Silver Sep @ 108000 SL 108800 TGT 107000-106200...
Sell Gold Aug @ 97700 SL 98000 TGT 97200-96800. MCX ...
South Korea making utmost efforts on tariff talks wi...
Buy JK Cement Ltd For Target Rs. 5,850 By JM Financi...
MCX Crude oil July is likely to rise towards Rs 5900...
Buy Vedant Fashions Ltd For Target Rs. 930 By JM Fin...
South Korea`s foreign reserves rise for 1st time in ...
South Korea`s exports of food, agro products hit all...
