BusinessRBI Repo Rate Decision Could Impact Gold Prices
The RBI's Monetary Policy Committee will decide on the repo rate on October 7. An increase in the repo rate may make fixed deposits and bonds more attractive, potentially reducing short-term demand and prices for gold. Conversely, a rate cut or softer stance could support gold. However, gold prices are also influenced by the dollar, US interest rates, bond yields, the rupee's movement, and global tensions.
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