What PM Modi’s Appeal to Avoid Gold Buying Could Mean for India’s Jewellery Economy
When Prime Minister Narendra Modi recently urged citizens to avoid purchasing gold for a year, the statement immediately unsettled large parts of India's jewellery trade. Shares of listed jewellery companies reacted sharply, bullion traders began reassessing demand expectations, and retailers across major gold markets started evaluating what even a temporary slowdown in consumer buying could mean for one of the…
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