Gold prices soared to unprecedented levels on Monday, reaching Rs 1 lakh per 10 grams in the physical market after accounting for GST. The MCX June gold contracts also hit a record high of Rs 97,288 per 10 grams, marking a significant surge of over 2% in a single day.
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,