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Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded with strength at 85.02 for the day, gaining 0.12rs as it bounced back from oversold levels near 85.10. Despite this recovery, the dollar index's sustained strength continues to exert pressure on the rupee, contributing to its weakness for the fourth consecutive week. While today's gains provided some relief, the broader trend remains bearish. T...

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

Source: LKP Securities Ltd
2024-12-20 04:57:09 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold witnessed minor buying as the $2,600 level on Comex acted as a temporary support, alongside Rs.75,500 in the domestic MCX market. The momentum remains volatile due to uncertainties surrounding the interest rate cycle. Although the Fed decided to keep rates lower, its projections indicated fewer rate cuts going forward, which has maintained pressure on gold prices f...

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

Source: LKP Securities Ltd
2024-12-20 04:55:26 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat near 84.90 as markets remain focused on the FED's final policy decision of the year scheduled for December 18, 2024. While a 0.25bps rate cut has already been factored in, forward commentary and projections will be key. A dovish tone could push the dollar index lower, providing relief for the rupee. However, any uncertain or hawkish rema...

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

Source: LKP Securities Ltd
2024-12-17 05:55:03 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold prices weakened by $12 to settle at $2640 on Comex and dropped Rs.350 to Rs.76,700 on MCX as the outcome of the Fed’s policy meeting prompted caution among market participants. Long positions were trimmed ahead of the year’s final policy announcement, with expectations that forward guidance on rate cuts may remain unclear. This lack of clarity weig...

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

Source: LKP Securities Ltd
2024-12-17 04:44:35 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded weaker by 0.07rs, closing at 84.87, as the dollar strengthened, holding above the 106.50$ mark. Market participants observed heightened volatility with the week packed with significant global economic events, including the FED's policy announcement, the PCE price index, and monetary policy decisions from the ECB and China. The rupee's trading r...

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

Source: LKP Securities Ltd
2024-12-16 05:09:48 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded within a volatile range, continuing last week's up-and-down swings as markets brace for a series of major economic events this week. Key data points include the US Fed's policy outlook, the PCE price index, RBI meeting minutes, and updates from the ECB and China's monetary policy decisions. Amid these developments, gold is likely to trade between $...

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

Source: LKP Securities Ltd
2024-12-16 05:08:06 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded positively, gaining 0.10rs to close at 84.78, supported by strong secondary market performance and expectations of positive fund flows. Additionally, India's improved CPI numbers for November at 5.48% compared to the previous 6.21% bolstered the rupee, indicating easing inflationary pressures. The trading range for the rupee remains between 84.65 a...

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

Source: LKP Securities Ltd
2024-12-13 05:59:31 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold witnessed a sharp sell-off as profit booking intensified following mixed signals from US economic data. While the PPI data came in lower, higher weekly jobless claims prompted a retreat in gold prices from $2,710 to $2,670 on Comex. Similarly, MCX Gold tumbled from Rs.79,000 to Rs.77,450, marking a drop of over Rs.1,500 since yesterday. The current weakness suggest...

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

Source: LKP Securities Ltd
2024-12-13 05:57:44 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat near 84.86, continuing to hover in a weak range of 84.75-84.95. The recent US CPI data came in line with expectations, signaling potential continuity in the Federal Reserve's rate-cut trajectory. However, the dollar held its ground near the key 106$ level, keeping pressure on the rupee. Additionally, FII selling resumed after a brief phase of ...

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

Source: LKP Securities Ltd
2024-12-12 05:07:28 pm

Below the Quote on Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded within a volatile range and experienced minor profit booking at higher levels, with Comex prices facing resistance near $2,720–$2,725 and MCX encountering a hurdle around Rs.79,000. Yesterday's US CPI data came in line with expectations, providing a positive push to gold prices as it reinforced the likelihood of continued interest rate ...

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

Source: LKP Securities Ltd
2024-12-12 05:04:35 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee weakened further, slipping below 84.85, down by more than 0.12rs, as sustained FII selling and escalating geopolitical tensions continued to weigh on sentiment. The end of Shaktikanta Das's term as RBI Governor and the appointment of Sanjay Malhotra introduces unfolded packages into India's financial landscape. Market participants remain cautious as t...

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

Source: LKP Securities Ltd
2024-12-10 04:54:14 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold prices exhibited minor movement following yesterday's strong rally, trading sideways as participants awaited Wednesday's US CPI data. The data is expected to provide clarity on the future trend. While the overall bullish outlook for gold remains intact, the sharp pre-event rally suggests caution. Traders are advised to maintain strict stop-loss levels...

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

Source: LKP Securities Ltd
2024-12-10 04:38:23 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded slightly positive at 84.67, gaining 0.03rs, after the RBI kept the repo rate unchanged but reduced the CRR, indirectly boosting liquidity and benefiting the banking and financial sectors. While global challenges continue to pressure the rupee, RBI Governor Shaktikanta Das noted that India remains better positioned than its peers. Lower inflation projec...

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

Source: LKP securities Ltd
2024-12-06 05:17:56 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded with minor gains, closing at Rs.76,650 on MCX, as markets await key Non-Farm Payroll and unemployment data later this evening. These metrics are crucial for shaping the Fed's policy outlook. While gold maintains a positive trajectory, resistance is evident near Rs.77,000 - Rs.77,500. Strong support at Rs.75,500 - Rs.76,000 presents a potential buying opp...

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

Source: LKP Securities Ltd
2024-12-06 05:13:31 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat at 84.51, as the dollar remained subdued amid the Thanksgiving holiday in the US, limiting major market movements. With muted activity in global markets, the rupee saw minimal volatility. However, geopolitical concerns and crude price trends will likely impact the rupee’s movement in the near term. The rupee range remains between 84.40-84.60...

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

Source: LKP Securities Ltd
2024-11-29 05:44:20 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded positively, registering a gain of Rs.700 to close at Rs.77,225 in MCX, supported by safe-haven demand amid ongoing geopolitical concerns. On Comex, gold saw an uptick of $26, trading at $2,665 as bullish momentum continued. The overall trend remains strong, with key resistance at $2,690 and support at $2,620 in the short term." ...

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

Source: LKP Securities Ltd
2024-11-29 05:42:22 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded volatile within the 84.35 range as the dollar maintained a sideways movement near 107$, and crude oil's recovery today contributed to the currency's fluctuation, with slight weakness observed. Positive momentum in capital markets provided some support to the rupee, offsetting broader global pressures. The rupee's immediate range is anticipa...

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

Source: LKP Securities Ltd
2024-11-26 05:05:44 pm

Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded volatile within the 84.35 range as the dollar maintained a sideways movement near 107$, and crude oil's recovery today contributed to the currency's fluctuation, with slight weakness observed. Positive momentum in capital markets provided some support to the rupee, offsetting broader global pressures. The rupee's immediate range is anti...

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

Source: LKP securities Ltd
2024-11-26 05:05:11 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded strong, gaining 0.12rs to close at 84.30, as capital markets witnessed robust fund inflows or significant short covering, lending support to the currency. This comes after a sharp decline in the rupee from 83.45 to 84.50 over the past 45 days in October. The recent strength suggests a potential rally, provided the dollar index remains below the 107$ mark...

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

Source: LKP Securities Ltd
2024-11-25 06:15:12 pm

Below The Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee weakened further, trading at 84.42 as the dollar scaled higher above 106.50. Escalating geopolitical tensions between Russia and Ukraine, with the war intensifying again, have contributed to a fresh wave of market sell-offs, adding downward pressure on the rupee. This negativity is expected to persist in the near term. The rupee's range is projected be...

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

Source: LKP Securities Ltd
2024-11-19 04:51:51 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded strongly positive due to heightened geopolitical tensions between Russia and Ukraine. President Joe Biden's authorization for Ukraine to use powerful American long-range weapons to strike within Russia escalated the conflict. In response, Moscow deployed around 50,000 troops to the southern region of Kursk, further intensifying concerns. This geopolit...

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

Source: LKP securities Ltd
2024-11-18 05:24:11 pm

Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee showed strength, gaining 0.08 rupees to trade at 84.39, supported by a weakening dollar that failed to break above 107 and retreated to 106.45. This minor support for the rupee was further aided by a reduction in FII selling activity in recent days, with expectations that sell-off pressure will remain limited due to the upcoming state elections in Mahara...

Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP securities Ltd
2024-11-18 05:15:11 pm

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

Source: LKP Securities Ltd
2024-11-12 05:26:35 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded weaker by 0.01 rupees, closing at 84.40, as FIIs continued their selling spree in the Indian market. However, the rupee received some relief from falling crude and gold prices, as the reduced pace of decline could potentially improve India's import bill in the coming months. Despite this, the dollar index's continued strength above 105 is expecte...

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

Source: LKP Securities Ltd
2024-11-12 05:24:04 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee closed at 84.38, marking another record low as it continues to feel the impact of persistent selling by FIIs, extending the sell-off trend from October. The Federal Reserve's policy outcome was in line with expectations, delivering a 0.25% rate cut and reinforcing its commitment to targeting 2% inflation. The Fed's acknowledgment of an anticipated ...

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

Source: LKP securities Ltd
2024-11-09 05:37:56 pm

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

Source: LKP Securities
2024-11-09 05:35:11 pm

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold traded in a flat to range-bound manner as market participants awaited the outcome of the Federal Reserve's meeting tonight, with expectations leaning toward a 0.25% rate cut. Additionally, investors anticipate a statement hinting at potential further rate reductions. After yesterday's significant selloff of over Rs.1,800, dropping from Rs.78,50...

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

Source: LKP Securities Ltd
2024-11-07 04:39:52 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded weak at 84.36, registering a decline of 0.04 rupees. The dollar index remained stable near 104.50, maintaining its strength as investors positioned themselves ahead of the key Federal Reserve meeting. Meanwhile, Foreign Institutional Investors (FIIs) have maintained a net selling stance in Indian markets, further weighing on the rupee's value. All ey...

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

Source: LKP Securities Ltd
2024-11-07 04:25:51 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded sharply lower at 84.29 against the dollar, experiencing a significant drop of 0.20 due to the outcome of the US election, where Republican candidate Donald Trump emerged victorious. Trump's win has strengthened the dollar index, adding pressure on global currencies. The market reaction reflects concerns about potential sanctions and protectionist pol...

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

Source: LKP Securities Ltd
2024-11-06 04:29:48 pm

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

Source: LKP securities Ltd
2024-11-05 05:52:10 pm

Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat around 84.10, while the dollar index remained steady near 103.66. Market participants are closely monitoring FII activity, as any significant buying or selling could influence the rupee's movement, especially with the upcoming US election outcome. The removal of this major event risk in a few days could further dictate the trend, as recen...

Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP securities Ltd
2024-11-05 05:49:28 pm

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

Source: LKP Securities Ltd
2024-11-04 04:42:54 pm

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

Source: LKP Securities Ltd
2024-11-04 04:39:38 pm

Investors`wealth surges by Rs 128 lakh cr in Samvat 2080, Gold gives 32 pc return

As the Indian stock market ended Samvat year 2080, investors' wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year. This made Samvat 2080 the biggest wealth-creating year on record, banking upon a stable government, strong fundamentals s and record inflows by domestic funds which was at Rs 4.7 lakh crore. The National Stock Exchange (NSE) saw its investor base crossing 20 crore. Amid strong interest ...

Investors`wealth surges by Rs 128 lakh cr in Samvat 2080, Gold gives 32 pc return

Source: IANS
2024-11-01 10:50:53 am

Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Gold prices witnessed slight profit-taking as traders preferred to secure gains from recent rallies ahead of Friday’s key events—the Non-Farm Payroll (NFP) and unemployment reports. Currently trading around Rs.79,400 in MCX, gold faces resistance at Rs.79,600, while Comex shows a hurdle near $2,790. The upcoming U.S. election next week is expected to be a deci...

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

Source: LKP Securities Ltd
2024-10-31 04:43:34 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat around 84.09, hovering near all-time lows, as FIIs continued their selling spree in Indian markets. Market participants are eyeing Friday's US NFP and unemployment data for cues on the dollar's trajectory, with the greenback currently trading around 103.80, up from recent lows of 100.50. Next week's US election results are also expected ...

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

Source: LKP Securities Ltd
2024-10-31 04:39:28 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee remained flat near 84.08, while the dollar was stable around 104.25$. Crude prices also held steady at approximately 68$. With FIIs showing a positive stance, some support was observed for the rupee. This week holds significant U.S. economic data, with Non-Farm Payrolls (NFP) and unemployment figures due on Friday, November 1st, drawing considerable attention. ...

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

Source: LKP Securities Ltd
2024-10-29 05:27:21 pm

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

Source: LKP Securities Ltd
2024-10-29 05:04:30 pm

Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee stayed flat near 84.07, with the dollar slightly higher at 104.20$. Crude prices dropped sharply by 6%, settling around 67.40$, providing some monetary relief amidst persistent FII selling in Indian equities. This decline in crude has helped ease pressure on the rupee despite ongoing market challenges. Key support for the rupee is near 84.15, w...

Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP securities Ltd
2024-10-28 04:42:21 pm

Below the Quote on Silver from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "Silver presents a unique investment opportunity as it benefits from both industrial demand and its status as a precious metal. The surge in EV production and renewable energy, particularly solar, significantly boosts its long-term prospects. With a recent technical breakout above ?1 lakh and Comex silver crossing $33, the metal offers higher growth potential compared ...

Quote on Silver from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKPSecuritiesLtd
2024-10-24 05:41:42 pm

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

Source: LKPSecuritiesLtd
2024-10-24 05:09:03 pm

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

Source: LKP securities Ltd
2024-10-22 05:58:04 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee remained flat near 84.07, as dollar strength and continued weakness in the Indian capital markets exerted pressure. A significant sell-off was observed in the Indian markets due to ongoing fund outflows and reduced liquidity, driven by the global shift in the interest rate cycle, while the RBI maintains its current stance of not reversing rates. With strong fun...

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

Source: LKP securities Ltd
2024-10-22 05:53:56 pm

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

Source: LKP securities Ltd
2024-10-22 05:53:40 pm

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

Source: LKP Securities Ltd
2024-10-21 05:45:46 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded slightly weak near 84.07, as the dollar index gained from 103.20$ to 103.50$. The major weakness in the rupee stemmed from a downturn in capital markets, with broad-based selling observed in Indian markets. Foreign Institutional Investors (FII) were net sellers, offloading over 5000 crore in cash on Friday, adding pressure on the rupee.." ...

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

Source: LKP Securities Ltd
2024-10-21 05:42:56 pm

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

Source: LKP Securities Ltd
2024-10-21 05:37:07 pm

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

Source: LKP securities Ltd
2024-10-20 10:30:16 am