PM Modi repeats appeal for citizens to avoid gold purchases
On Tuesday, Prime Minister Narendra Modi once again requested that Indians refrain from purchasing gold. This follows his previous appeals intended to lower the nation's gold imports and manage the trade deficit. During the 2026 fiscal year, gold imports in India climbed by 24% compared to the previous year, reaching $71.98 billion. Increased imports place a strain on the country's foreign exchange reserves; therefore, reducing gold buying can assist in preserving these vital reserves.
by shortkt.com✓