PM Modi doesn't want you to buy gold for next 1 year. A bigger crash on the cards?
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
PM Modi doesn't want you to buy gold for next 1 year. A bigger crash on the cards?
Prime Minister Modi urged Indians to avoid buying gold for a year, a move seen as an attempt to protect foreign exchange reserves amidst global uncertainty and rising crude oil prices. While jewellery stocks saw a knee-jerk reaction, experts believe the appeal may cause temporary caution rather than alter India's deep-rooted affinity for gold.
