30-12-2024 04:59 PM | Source: LKP securities Ltd
"Gold traded flat, remaining within the range of ?76,400–?76,750 in MCX, while spot gold stayed between $2,610–$2,628 on Comex. With global markets entering the holiday period for New Year celebrations, trading volumes were thin, and market activity was subdued. In MCX, gold has immediate support near ?76,000, while resistance is seen around ?77,000. The sideways movement is likely to persist in the short term due to the limited participation during the festive season."
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 traded flat, remaining within the range of ?76,400–?76,750 in MCX, while spot gold stayed between $2,610–$2,628 on Comex. With global markets entering the holiday period for New Year celebrations, trading volumes were thin, and market activity was subdued. In MCX, gold has immediate support near ?76,000, while resistance is seen around ?77,000. The sideways movement is likely to persist in the short term due to the limited participation during the festive season."
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