Why Is PM Modi Asking Indians to Buy Less Gold? Economic Concerns Behind the Appeal

#ସୁନା_ଆହୁରି_ଶସ୍ତା_ହେବ?
ଭାରତରେ ସୁନା କେବଳ ଏକ ଧାତୁ ନୁହେଁ - ଏହା ସଞ୍ଚୟ, ପରମ୍ପରା ଏବଂ ଏଥିରେ ଯୋଡ଼ି ହୋଇ ରହିଛି ଭାରତୀୟଙ୍କ ଆବେଗ। ତେବେ ସୁନା କିଣିବା କମାଇବା ଲାଗି ପୁଣି ଅପିଲ୍ କରିଛନ୍ତି ପ୍ରଧାନମନ୍ତ୍ରୀ ନରେନ୍ଦ୍ର ମୋଦୀ। ଗତ ମେ’ ମାସରେ ପ୍ରଥମ ଥର ସେ ଦେଶବାସୀଙ୍କୁ ଏହି ଆହ୍ୱାନ ଦେଇଥିଲେ। ପୁଣି ଥରେ ଆଗାମୀ ପର୍ବପର୍ବାଣୀ ଏବଂ ବିବାହ ଋତୁ ପୂର୍ବରୁ ପ୍ରଧାନମନ୍ତ୍ରୀ ମୋଦୀ ଦେଶବାସୀଙ୍କୁ ସୁନା ନକିଣିବାକୁ ଅପିଲ୍ କରିଛନ୍ତି।

Gold is not just a metal in India but is closely linked with savings, tradition and emotion. Prime Minister Narendra Modi has once again appealed to people to reduce unnecessary gold purchases ahead of the upcoming festive and wedding season. The appeal comes amid concerns over pressure on foreign exchange reserves and the depreciation of the rupee. According to the figures cited in the report, India’s gold imports have declined in recent months, while higher customs duty and elevated international gold prices have also affected demand. The government’s strategy is aimed at reducing gold imports and bringing the large quantity of gold held by Indian households into economic circulation. However, the appeal has also raised concerns among gold traders and merchants, while political questions are being raised over its possible impact on traditional voters and the government’s handling of rising gold and silver prices.

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