Explained: What PM Modi’s comments on deferring gold purchases for 1 year mean for yellow metal investors?
By TodayTelugu Desk1 min read1 views
Prime Minister Narendra Modi urged Indians to avoid buying gold for the next year, a notable appeal in a country where the metal is deeply tied to savings and tradition. The move is seen as an attempt to ease pressure on India’s foreign exchange reserves, as rising gold imports increase demand for U.S. dollars amid growing global uncertainty.
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