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Indian gold prices rise from central bank and festival demand, but remain stable with no systemic issues.
Gold prices in India are rising due to increased global central bank demand and seasonal festival-related household purchases, but remain within expected limits, according to Finance Minister Nirmala Sitharaman.
She confirmed no systemic issues at IDFC First Bank and said the government is monitoring the situation closely.
RBI Governor Sanjay Malhotra noted gold import order values have not increased despite higher prices, underscoring stable demand and strong foreign exchange reserves.
The central bank reaffirmed its focus on maintaining liquidity for economic growth.
The Ministry of Commerce and Industry is assessing potential U.S. tariff impacts, with no final statements issued.
Los precios del oro indio aumentan debido a la demanda del banco central y los festivales, pero permanecen estables sin problemas sistémicos.