We welcome the Reserve Bank of India’s decision to maintain interest rates in its latest policy review. This continuity fosters predictability for both businesses and consumers, empowering us to manage inventory and supply chains with greater assurance. The prevailing low inflation environment enhances consumer purchasing power, which bodes well for gold demand especially as we approach the key festival season, a pivotal period for gold retail and digital product sales.

The RBI’s neutral policy stance and stable liquidity conditions are further bolstering ease of access to working capital for gold loans and seamless customer purchases. Nevertheless, amid ongoing global uncertainties, we remain vigilant in managing our import costs and currency exposures. Against this backdrop of supportive domestic demand and historically favorable interest rates, we believe gold remains a reliable, value-driven asset for safeguarding long-term financial wellbeing.

Dr. Renisha Chainani, Head of Research, Augmont