Gold imports may fall 15% in September after PM Modi’s call to curb purchases

Gold imports may fall by fifteen percent this September, prompting Prime Minister Modi to call on citizens to restrict their purchases of the precious metal. This recommendation targets a reduction in the nation's import expenses and current account deficit. Notably, more consumers are choosing to swap outdated jewelry for fresh designs. Gold prices, however, continue to show volatility due to global economic challenges and central bank interventions.