External Balances
Search documents
X @BSCN
BSCN· 2026-05-12 20:50AI Processing
INDIAN PM TELLS COUNTRY TO STOP BUYING GOLD FOR A YEARPrime Minister Narendra Modi urged Indian citizens Tuesday to halt non-essential gold purchases for a year to protect the country's external balances, triggering an immediate selloff in domestic bullion markets.MCX gold pulled back from the ₹1.54 lakh mark to ₹1,53,200 per 10 grams, while MCX silver crashed 1.53% or ₹4,252 to ₹2,74,059 per kg. India is the world's second-largest gold consumer behind China. ...