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Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks

Bloomberg Markets · May 11, 2026, 4:22 AM · Also reported by 3 other sources

Prime Minister Narendra Modi has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange reserves, a surprising appeal in a country where the metal plays a vital role in savings, weddings and religious festivals.

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Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks

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