Gold prices rise in India from demand and festivals, but remain stable, officials say.

Gold prices in India are rising due to global central bank demand and seasonal festival-related household purchases, but they are still within expected limits, according to Finance Minister Nirmala Sitharaman. She confirmed that there are no systemic issues at IDFC First Bank, and the government is closely monitoring the situation. RBI Governor Sanjay Malhotra noted that despite higher prices, gold import order values have not increased, confirming the central bank's focus on liquidity. Strong FDI inflows and ample forex reserves were also highlighted. The Ministry of Commerce and Industry is assessing U.S. Tariff developments, but no final comments yet.