One of the moves that the government did, the RBI did to stem the f- uh, fall of the rupee was to buy the rupee and sell the dollar, right? But now that is affecting the rupee itself, right?

See, the, uh, Reserve Bank of India brought in, uh, several restrictions.

Uh, for example, uh, you know, this is, uh, there's something called forward trade in the rupee, and these are no- non-deliverable foreign, uh, for- forward contracts.

So the non-deliver, non-deliverable foreign, uh, for- uh, forward contracts in the rupee means that there's no actual transfer of foreign currency here.

The difference, uh, in the buy price and the sale price is settled on the date of maturity.

So it is either a profit or a loss for those who are involved in this, uh, contract.

There are buyers of this non-deli- deliverable forward contracts.

The commercial ones as well.

So it still shows that, uh, you know, the, uh, that, uh, the investors are bullish on gold, okay, and they continue to, uh, invest in this as a, as an asset class.

Yeah.

Festival season is one, uh, wedding season is another.

Uh, these are seasons when people tend to, uh, buy gold, and if, uh, uh, gold is very attractive, uh, then people will, uh, uh, probably buy, uh, much more gold.

For example, uh, in the last week, gold had dropped, uh, thirteen thousand nine hundred and seventy-four or, uh, eight point eight two percent to close at around, uh, uh, one lakh forty-four thousand rupees for ten grams of twenty-four carat gold.

Okay.

Now, from around it was one seventy, one point seven, uh, lakhs or one point nine lakhs.

Uh, since there doesn't seem to be any clear end in sight just yet, uh, do you both expect in the next, uh, week or month, uh, I, I understand this is a little speculative, but do you both see prices to fall a bit more in the short term?