However, recent dollar strength, rising to 106-107 from 104 levels, has pulled gold prices down to around $2,670. Factors like Middle East conflicts, Syria tensions, and discussions of 100% U.S. tariffs on BRICS countries continue to influence the price trends. Gold is now stabilizing between $2,600-$2,700 per ounce, while silver trades around $30-$32.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,