RBI to conduct Second Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 29, 2026
On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on Tuesday, September 29, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 11:30 AM to 12:00 Noon September 30, 2026 (Wednesday) 2. The operational guidelines for the auction as given in the Reserve…
On September 29, gold prices experienced a decline across several major cities in India, including Coimbatore, Nagpur, Visakhapatnam, Surat, and others. The rate of 22-carat gold fell to ₹13,741 per gram, marking a decrease of ₹104 from the previous day, while the price of 8 grams of 22-carat gold dropped to ₹1,09,928, or ₹832 less than before.
In Coimbatore, 22-carat gold was priced at ₹13,640 per gram, a reduction of ₹125, and 8 grams cost ₹1,09,120, down by ₹1,000. For 24-carat gold, the price per gram was ₹14,322 in Coimbatore, a decline of ₹131, and 8 grams cost ₹1,14,576, falling by ₹1,048.
The same pattern of decline was observed in other cities. In Nagpur, 22-carat gold was ₹13,715 per gram, down ₹100, and 8 grams cost ₹1,09,720, down ₹800. For 24-carat gold, the price was ₹14,401 per gram, a decrease of ₹105, and 8 grams cost ₹1,15,208, falling by ₹840. Similar decreases were recorded in Visakhapatnam, Surat, Jaipur, Lucknow, Chandigarh, Indore, Madurai, Bhubaneswar, Patna, Ludhiana, Vadodara, Thrissur, Vijayawada, Kanpur, and Mysore, with the prices of both 22-carat and 24-carat gold all showing a downward trend.
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