As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling framework

The All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange without impacting the livelihoods of 35 million people. The federation suggests establishing a bullion bank and revamping the gold monetisation scheme. This strategy could reduce annual gold import dependence significantly. The industry body urges immediate government consultation.