Gold prices on MCX fell Rs 1,500 this week after touching a record high, while silver remained firm. Softer U.S. CPI data boosted rate-cut hopes, supporting bullion. Analysts expect continued volatility amid tariff uncertainty, geopolitical events, and key U.S. economic releases, with gold and silver seen trading within defined weekly ranges.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction