Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold continued to face significant pressure as the strength in the dollar index kept prices under $2,600 on COMEX, with a drop of $24. In MCX, gold fell by over Rs.500, reaching Rs.74,750 and slipping below Rs.75,000 for the first time since October 10th. The current downtrend suggests that further weakness could persist, potentially driving prices down towards Rs.72,000 ...
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 traded weak, dropping by ?300 to ?77,150 and by $20 to $2,685, amid strength in the dollar index and the Federal Reserve's policy announcement that aligned with expectations of a 0.25% rate cut. The Fed's outlook, coupled with inflation trending toward the targeted 2%, offered no new surprises to support gold prices. Profit booking continued following Tr...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices are currently facing minor resistance near the ?78,500 level, with a similar hurdle in the international market at around $2,745-$2,750. This resistance is holding firm, as the upcoming US election adds a layer of caution for investors. Additionally, the Federal Reserve's interest rate cut decision on November 7th is expected to keep gold prices vol...
Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold prices experienced volatility as Comex gold found support near $2,730 but struggled to break above $2,750. With the U.S. election results due in the next two days, market participants are expected to have mixed sentiments, likely resulting in a range-bound session between Rs.78,000 and Rs.79,000 in MCX. Once the election outcome is announced, gold could see a ...
Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"The rupee weakened by 0.04, trading at 84.10, as the dollar index strengthened and FII selling intensified at the start of November, ahead of the US election. FIIs appear to be reducing their exposure to Indian markets, awaiting the outcome of the election, which has led to index-level corrections. The rupee is expected to remain volatile, with the US election res...
Quote on Rupee from 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 in MCX remained positive, rising above Rs.78,750, with Dhanteras adding enthusiasm for long positions. More buying occurred on this auspicious day, pushing prices up by over Rs.200 on MCX and trading above Rs.80,000 in the physical jewelry market. Upcoming U.S. economic data, including NFP and unemployment reports, may influence gold's movements, with majo...
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 maintained a positive stance as the dollar remained muted near 104.4. After witnessing some selling pressure yesterday, which saw prices drop to ?77,600, gold quickly rebounded to ?78,350, posting a gain of ?500 from yesterday's lows. This recovery highlights the strong underlying sentiment for gold, which continues to benefit from the broader macroeconomi...
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 have surged again, with buying interest in safe-haven assets such as bullion remaining strong as risky assets continue to underperform. On the MCX, gold prices have risen to Rs.78,300, reflecting a Rs.300 gain, and the bullish momentum continues to drive prices higher. As investors seek refuge in precious metals amid global economic uncertainties, geopolitical...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Silver from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Silver prices have continued their rapid upward momentum, surging past Rs.100,000 in the physical Indian markets, with the fast-paced rally suggesting that prices could reach Rs.110,000 before Diwali. As retail investors rush to buy silver, spurred by the heavy rise in gold prices, silver appears relatively more affordable at Rs.100,000 per kilogram, while gold is now...
Quote on Silver from 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 maintained their upward trajectory, rising by Rs.500 to Rs.78,250 in MCX, with Comex gold gaining $10 to reach $2,730. The ongoing escalation of conflict in the Middle East continues to act as a strong support for gold, as investors seek safe-haven assets amid rising geopolitical risks. Additionally, the downward trajectory in the interest rate cycle, coupled ...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Silver prices have gained strong upward momentum, with physical market prices surpassing ?100,000 per kg in India. As gold prices soar, retail buyers are increasingly turning to silver, viewing it as a relatively cheaper alternative at these levels, especially with gold now touching ?78,000 for 10 grams. The rise in silver is being driven not only by its appeal as a mor...
Quote on Silver 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 continued their strong upward momentum, with a sharp rise of Rs.500 in MCX, taking the price to Rs.77,600, supported by Comex gold surging above $2,710. This robust strength is largely driven by the expectation of ongoing interest rate cuts in the US, with further reductions anticipated in the near future. The broader trend in MCX gold has been distinctly posi...
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 traded with volatility but gained upward momentum after touching lower levels of $2,640 in Comex. Early selling pressure was seen due to the positive opening of the dollar index, which briefly touched highs of 103.25. However, as the dollar softened, gold found support and rose from $2,640 to $2,655. This pattern was mirrored in MCX, where gold prices saw...
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 slightly positive in Comex at $2,641, while in MCX, it traded with losses of Rs.200, closing at Rs.75,840. The market remains focused on key upcoming data, particularly the Fed's meeting minutes and US CPI data, which will guide the next move for gold.
Tensions in the Middle East between Iran and Israel are also keeping gold volatile, with a projected...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Silver By Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Silver prices surged past Rs.90,000 in the physical market, reaching Rs.90,324, as per IBJA rates, with Comex Silver surpassing $32, following a sharp rally of 4.25%. In MCX, Silver prices rose by 3.45% yesterday, taking prices above Rs.92,000. This bullish movement comes amid strong expectations for further U.S. interest rate cuts and China unveiling aggressi...
Quote on Silver 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
"In Comex, gold is trading flat near $2,656 after experiencing a strong $30 rally yesterday, while in MCX, it's up by Rs.200 at Rs.75,200. The recent surge in prices reflects strong momentum from previous sessions, with traders possibly pausing to consolidate gains. Participants are now focused on the upcoming Core PCE Price Index data set to be released on F...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Gold trades weak, down by 0.35%, with prices at $2,506 in Comex and ?71,850 in MCX. The rise in the dollar index, from yesterday’s low of 100.40 to 100.85, has prompted profit booking in commodities, including gold. This strengthening of the dollar is contributing to the current pressure on gold prices. As market participants await Friday's Core PCE Price...
Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
