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Kerala gold prices fell for a third straight day, bringing rates closer to the ₹1 lakh mark as global bullion trends, oil prices, the rupee, and US interest-rate expectations weigh on the market.
The Reserve Bank of India kept its benchmark policy rate unchanged at 5.25 per cent.
The Reserve Bank of India maintained its key interest rate at 5.25%, assessing global conflicts' inflationary impact and a depreciating rupee.
The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent
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RBI repo rate cut aims to accelerate economic growth, with the central bank reducing it by 25 basis points to 5.25 percent.
RBI Governor Sanjay Malhotra-headed MPC is scheduled to begin a three-day meeting on policy rate on Monday
Gold price kerala surge is attributed to international market trends and anticipated US Federal Reserve interest rate cuts
As a result, gold rates in Kerala- which closely follow global market trends- have gone up.
The central bank has lowered its inflation projection to 3.1% for the current fiscal year.
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