Current bullion market is focusing on a combination of factors which includes direction of US interest rates, weakness in USD, among many others factors for further guidance, noted a recent report by Emkay Wealth Management.
The weakness in the US dollar has created real room for the Reserve Bank of India (RBI) to lower interest rates further by up to 75 basis points (bps) by the end of calendar year 2025, according to a report by global financial services firm Jefferies.