Why Modi Wants Indians to Pause Gold Buying

Prime Minister Narendra Modi is calling on Indians to hold off on gold purchases for a year as the country grapples with the economic fallout of the ongoing war in the Middle East. That includes weddings, festivals, and family celebrations. And in a country like India, that's not a small ask.Not only is gold central to religious offerings and festivals, it's also the primary way millions of people save and invest. India is the second largest gold consumer in the world, importing over 700 tons last year. It ...