Indian Prime Minister asks Indians not to buy gold for 1 year

Prime Minister Narendra Modi on Sunday appealed for collective participation of the people to help the country face global disruptions and challenges, urging measures to reduce the consumption of petroleum products and conserve foreign exchange reserves.

Addressing a public meeting in Hyderabad, the PM asked citizens to use public transport as much as possible, increase the use of electric vehicles (EVs), revive Covid-era measures such as work-from-home arrangements and virtual meetings, avoid non-essential foreign travel and gold purchases for a year, and prioritise local goods, among other measures.
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... He urged people to refrain from the practice of buying gold during festivals for a year.
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