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PM Modi urges Indians to avoid buying gold to curb trade deficit and support rupee
Prime Minister Modi renewed his appeal for Indians to avoid buying gold unless necessary. This call aims to curb bullion demand and ease economic pressures on the nation. Gold imports significantly contribute to India's trade deficit and weaken the rupee. The government is reportedly considering import duty cuts on gold and silver. Indians are also encouraged to support local products and reduce overseas travel.
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economictimes.indiatimes.com
Titan Company, Sky Gold, other shares fall up to 6% on PM Modi’s second appeal to avoid gold
Jewellery stocks fell after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases. The appeal, aimed at conserving foreign exchange, follows a similar…
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scroll.in
Avoid foreign travel and gold purchases, reiterates PM Modi in video from Kyrgyzstan
Congratulating the public for the GDP growing at 7.8% in the April-June quarter, he said that India was ‘progressing rapidly’ despite global uncertainty.
