Why Modi is asking people in India to stop buying gold
Modi says households should avoid gold jewellery for a year as imports hit $72 billion and add pressure to India’s current account deficit.
6 Articles
6 Articles
What PM Modi’s Appeal to Avoid Gold Buying Could Mean for India’s Jewellery Economy
When Prime Minister Narendra Modi recently urged citizens to avoid purchasing gold for a year, the statement immediately unsettled large parts of India’s jewellery trade. Shares of listed jewellery companies reacted sharply, bullion traders began reassessing demand expectations, and retailers across major gold markets started evaluating what even a temporary slowdown in consumer buying could […] The post What PM Modi’s Appeal to Avoid Gold Buyin…
A Government Just Ordered Its Citizens To Stop Buying Gold Right Now
A Government Just Ordered Its Citizens To Stop Buying Gold Right Now In this episode, we look at why India’s gold imports have collapsed despite climbing demand and why governments become uncomfortable when citizens quietly choose metal over promises. David Russell Wed, 05/13/2026
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