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

2025-03-24 05:15:42 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 positive in the spot market, gaining $10 to trade at $3,028, but stayed flat in the domestic market at Rs.87,750 due to rupee appreciation, which limited the upside. The strength in the rupee continues to act as a minor hurdle for domestic gold prices. In the week ahead, key US economic data, including the PCE price index, Manufacturing PMI, and Services PMI, will play a crucial role in determining market direction. The expected trading range for gold is Rs.87,000–Rs.88,500."

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

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