2025-03-20 04:48:51 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 prices experienced a minor correction in Comex from the $3,050 level as profit booking emerged after a sharp rally from $2,850 to $3,050 in just two weeks. While the Fed’s policy stance provided support, markets appear to have absorbed the positive cues, and improving risk sentiment could lead to further corrections in bullion, with a potential decline of $30–$50 in the coming days. In MCX, gold is expected to find support near Rs.87,500, while Rs.89,000 will act as a key resistance level."
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