Modi has urged Indians to save dollars as war and oil shocks strain the rupee and economy further this year.

India, which imports more than 88% of its crude oil requirements, has been hit hard from the spike in global oil prices amid the ongoing US-Iran war.

Why Modi is asking people in India to stop buying gold - The unusual appeal from the prime minister has a direct impact on ...

Gold’s role as a safe-haven asset and a hedge against inflation makes it highly valuable for Indian households. Read more at ...

The government has imposed a 10% basic customs duty and a 5% tax on gold and silver imports, as per notifications issued on ...

Prime Minister Narendra Modi has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange ...

"We do consume a lot of gold, and it is a trapped asset. And of course, we spend a lot of foreign exchange reserves when we ...

Under pressure from the economic fallout of the war in Iran and politically emboldened, Prime Minister Narendra Modi asks ...

Growthvine's Gupta calls Modi’s appeal precautionary, not economic distress. Cutting gold, travel imports could stabilise ...

The article shows investment demand already overtaking jewellery; the appeal is likely to reduce physical jewellery timing ...

The Indian government is trying to alleviate pressure on its currency by discouraging gold imports. However, some analysts ...

It's no secret that Indians have a long affinity towards gold. Rather, we are also one of the world's largest consumers, ...