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Gold & Silver Market News — May 31, 2026, 20:10–00:10 UTC
May 31, 08:10 PM - 12:10 AM UTC
Indian Currency and Monetary Policy Outlook
The Indian Rupee is experiencing downward pressure, yet the Reserve Bank of India is not expected to implement immediate interest rate hikes to support the currency. This policy stance is noteworthy for the gold market, as a weaker Rupee makes dollar-denominated gold more expensive for buyers in India, a major global consumer of the precious metal.