On Comex, gold futures were trading at $1,951.30 per troy ounce on Friday, down by $6.50 or 0.33% while silver futures were trading at $22.545, lower by $0.183 or 0.810%.
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