{"id":25646457,"date":"2026-05-12T18:02:21","date_gmt":"2026-05-12T12:32:21","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=25646457"},"modified":"2026-05-12T18:02:21","modified_gmt":"2026-05-12T12:32:21","slug":"why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/","title":{"rendered":"Why PM Modi Wants Indians To Avoid Buying Gold For A Year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a03a6d6d616e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a03a6d6d616e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#The_Economic_Context_Why_Gold_Matters_to_the_Nation\" >The Economic Context: Why Gold Matters to the Nation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#The_%E2%80%9COil_and_Gold%E2%80%9D_Connection\" >The &#8220;Oil and Gold&#8221; Connection<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#The_Cultural_Challenge_Weddings_and_Traditions\" >The Cultural Challenge: Weddings and Traditions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#Shifting_to_Digital_and_Paper_Gold\" >Shifting to Digital and Paper Gold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#Impact_on_the_Jewellery_Industry\" >Impact on the Jewellery Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#The_Global_Perspective\" >The Global Perspective<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/entri.app\/blog\/why-pm-modi-wants-indians-to-avoid-buying-gold-for-a-year\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span><strong>Key Takeaways<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Foreign Exchange Conservation:<\/strong> The primary reason for the appeal is to save India\u2019s foreign exchange (forex) reserves, which have faced pressure due to rising crude oil prices and global instability.<\/li>\n<li><strong>Economic Stability:<\/strong> Reducing gold imports helps narrow the Current Account Deficit (CAD) and strengthens the Indian Rupee against the US Dollar.<\/li>\n<li><strong>Global Volatility:<\/strong> With the West Asia crisis pushing oil prices above $100 per barrel, the government is prioritizing essential imports like fuel and edible oils over non-essential luxury items.<\/li>\n<li><strong>Alternative Investments:<\/strong> Investors are being encouraged to look at &#8220;paper gold&#8221; options like Gold ETFs, which provide price benefits without draining the nation&#8217;s dollar reserves.<\/li>\n<li><strong>National Interest:<\/strong> The appeal is framed as a &#8220;national sacrifice&#8221; to build economic resilience during a sensitive period of global geopolitical tension.<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/course\/stock-market-course\/\" target=\"_blank\" rel=\"noopener\"><strong>Join our Online Course and Learn Stock Marketing the Right Way. Enrol Now!<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><strong>Introduction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In India, gold is more than just a metal; it is a symbol of security, a centrepiece of weddings, and a generational legacy. However, in a recent public event at Hyderabad, Prime Minister Narendra Modi made a surprising request to the citizens. He urged Indians to voluntarily pause their gold purchases for the next one year.<\/p>\n<p>This <strong>PM Modi gold appeal<\/strong> has sparked a nationwide conversation among families, investors, and jewellers alike. While it might seem counter-intuitive for a government to ask citizens to stop buying an asset they love, the reasoning is rooted deeply in the health of the Indian economy.<\/p>\n<p>As we navigate a year marked by global conflicts and fluctuating energy prices, the government is looking at ways to keep the nation\u2019s financial foundation strong.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Economic_Context_Why_Gold_Matters_to_the_Nation\"><\/span><strong>The Economic Context: Why Gold Matters to the Nation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25646495 \" src=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500.webp\" alt=\"Buying Gold\" width=\"399\" height=\"332\" srcset=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500.webp 2000w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500-300x249.webp 300w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500-1024x851.webp 1024w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500-768x639.webp 768w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500-1536x1277.webp 1536w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500-150x125.webp 150w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500-750x624.webp 750w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/3421347_509645-e1778588961500-1140x948.webp 1140w\" sizes=\"auto, (max-width: 399px) 100vw, 399px\" \/><\/p>\n<p>India is the world\u2019s second-largest consumer of gold, but we produce very little of it domestically. Almost all the gold we wear or store in lockers is imported from countries like Switzerland, the UAE, and South Africa.<\/p>\n<p>For the unknown, India consumes around 700 to 800 tonnes of gold every year. However, the country\u2019s domestic production is limited to hardly 1 to 2 tonnes annually and it is dependent on imports for over 90% of its gold requirement.<\/p>\n<p>In the financial year 2025-26, India\u2019s gold import bill hit an all-time high of approximately <strong>$71.98 billion<\/strong>. To put this in perspective, that is roughly <strong>$6 billion every single month<\/strong> flowing out of the country. Because international trade happens in US Dollars, every time a consumer buys a gold bangle or a coin, the country has to pay for it using its foreign exchange reserves.<\/p>\n<h3><strong>The Impact on the Rupee<\/strong><\/h3>\n<p>When there is a massive demand for gold, there is a massive demand for dollars as well. This increased demand for the dollar makes the Indian Rupee weaker. A weaker rupee is bad news for everyone because it makes other essential imports\u2014like the petrol and diesel that power our transport and the edible oils we use for cooking\u2014much more expensive.<\/p>\n<p>On 12th May 2026, the rupee hit a record low of 95.55 per dollar. It was because investors were concerned about a fraying ceasefire in West Asia that led to a fresh rise in oil prices. By making the <strong>PM Modi gold appeal<\/strong>, the government is attempting to break this cycle.<\/p>\n<p>If we reduce our gold consumption for a year, the demand for dollars will drop, helping the rupee stay stable and keeping inflation in check for the common man.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_%E2%80%9COil_and_Gold%E2%80%9D_Connection\"><\/span><strong>The &#8220;Oil and Gold&#8221; Connection<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The timing of this appeal is not accidental. The ongoing crisis in West Asia has sent crude oil prices soaring, often crossing the $100 per barrel mark. It is to be noted that India imports nearly 89% of its oil. Unlike gold, which can be deferred, oil is an absolute necessity for the economy to function.<\/p>\n<p>When oil prices rise, the country\u2019s import bill balloons. In 2026, crude oil prices have surged 72% so far and the rupee has depreciated 5.1% against the dollar, thus adding significantly to the cost of India\u2019s oil imports. Since we have limited control over global oil prices, the government is looking to cut down on &#8220;non-essential&#8221; imports. Gold falls into this category.<\/p>\n<p>The logic is simple: if we spend less on gold, we have more &#8220;savings&#8221; in our national forex reserves to pay for the expensive oil without devaluing our currency or draining our treasury.<\/p>\n<div class=\"lead-gen-block\"><a href=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/04\/Program-in-Indian-Stock-Market-and-Forex-Trading-1-compressed.pdf\" data-url=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/04\/Program-in-Indian-Stock-Market-and-Forex-Trading-1-compressed.pdf\" class=\"lead-pdf-download\" data-id=\"25556854\">\n<p style=\"text-align: center;\"><button class=\"btn btn-default\">free download Stock market course roadmap<\/button><\/p>\n<\/a><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Cultural_Challenge_Weddings_and_Traditions\"><\/span><strong>The Cultural Challenge: Weddings and Traditions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25646496 \" src=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242.webp\" alt=\"Buying Gold\" width=\"480\" height=\"320\" srcset=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242.webp 1500w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242-300x200.webp 300w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242-1024x683.webp 1024w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242-768x512.webp 768w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242-150x100.webp 150w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242-750x500.webp 750w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/242-1140x760.webp 1140w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/p>\n<p>The biggest hurdle for the <strong>PM Modi gold appeal<\/strong> is India\u2019s vibrant wedding season. Gold is considered auspicious, and many families save for years to buy jewellery for their children\u2019s marriages.<\/p>\n<p>The Prime Minister\u2019s request is voluntary and is positioned as a &#8220;national sacrifice.&#8221; The government isn&#8217;t banning gold; it is asking for a collective pause. For those who absolutely must have gold for traditions, the bullion industry is suggesting alternatives like:<\/p>\n<ul>\n<li>\n<h4><strong>Recycling Old Gold:<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">Instead of buying new imported gold, families can exchange old jewellery for new designs. Due to the sharp rise in gold prices in 2025, Indian consumers exchanged old jewellery for new ones and according to the World Gold Council (WGC), 40-45% of purchases involved some form of exchange.<\/p>\n<ul>\n<li>\n<h4><strong>Gold Monetization:<\/strong><\/h4>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">Using existing household gold to earn interest, effectively bringing &#8220;dead&#8221; gold back into the economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shifting_to_Digital_and_Paper_Gold\"><\/span><strong>Shifting to Digital and Paper Gold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25646497 \" src=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563.webp\" alt=\"Buying Gold\" width=\"500\" height=\"333\" srcset=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563.webp 1500w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563-300x200.webp 300w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563-1024x683.webp 1024w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563-768x512.webp 768w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563-150x100.webp 150w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563-750x500.webp 750w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2026\/05\/4563-1140x760.webp 1140w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>One of the most important aspects of the <strong>PM Modi gold appeal<\/strong> is the shift toward smarter investment. If your goal is strictly investment\u2014meaning you want to benefit from rising gold prices\u2014you don&#8217;t actually need to hold the physical metal.<\/p>\n<h3><strong>Gold ETFs and Digital Options<\/strong><\/h3>\n<p>Financial experts are suggesting that investors look at Gold Exchange Traded Funds (ETFs). <a href=\"https:\/\/economictimes.indiatimes.com\/mf\/analysis\/gold-etf-inflows-jump-34-to-rs-3040-crore-in-april-silver-etfs-log-third-straight-outflow\/articleshow\/131030740.cms?from=mdr\">In<\/a> the month of April 2026, Gold ETFs attracted massive investment with inflows rising by 34%. From Rs.2,265 crore in March, the inflows into gold ETFs surged to Rs.3,040 crore in April.<\/p>\n<ol>\n<li><strong>Forex Neutral:<\/strong> These funds use gold that is already stored in Indian vaults. Buying them does not require the country to import fresh gold.<\/li>\n<li><strong>Cost Effective:<\/strong> You save on making charges (which can be 10% to 25%) and GST.<\/li>\n<li><strong>Liquidity:<\/strong> You can sell them instantly on the stock market without worrying about purity or storage.<\/li>\n<\/ol>\n<p>By choosing these options, you still grow your wealth as gold prices rise, but you do so without hurting the national economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Impact_on_the_Jewellery_Industry\"><\/span><strong>Impact on the Jewellery Industry<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The announcement has naturally caused some ripples in the market. Stocks of major jewellery brands saw a temporary dip as investors worried about falling demand. However, many in the industry believe that the &#8220;emotional&#8221; connection with gold in India is too strong to vanish completely.<\/p>\n<p>Jewellers are now pivoting to promote &#8220;exchange schemes&#8221; where customers bring in their old gold. This helps the jeweller maintain business and the customer get new designs, all while fulfilling the spirit of the <strong>PM Modi gold appeal<\/strong> by not adding to the national import burden.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Global_Perspective\"><\/span><strong>The Global Perspective<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>India isn&#8217;t the only country worried about its reserves. In a world where supply chains are fragile and wars can break out unexpectedly, &#8220;economic sovereignty&#8221; has become a priority. By asking citizens to hold off on gold, the government is trying to build a &#8220;buffer&#8221; for the country.<\/p>\n<p>If the global situation worsens, having a massive pile of foreign exchange reserves ensures that India can continue to buy food, fuel, and medicine for its 1.4 billion people without needing an international bailout.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/course\/stock-market-course\/\" target=\"_blank\" rel=\"noopener\"><strong>Join our Online Course and Learn Stock Marketing the Right Way. Enrol Now!<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>PM Modi gold appeal<\/strong> is a call for economic patriotism. It asks Indians to look beyond their personal lockers and consider the health of the national balance sheet. While gold will always remain a favorite asset for Indians, a one-year pause could provide the necessary breathing room for the rupee to strengthen and for the country to navigate the current global energy crisis.<\/p>\n<p>For the average citizen, this is a time to be a &#8220;smart investor.&#8221; By exploring digital gold or simply delaying a non-essential purchase, you are not just saving money. On the other hand, you are helping protect the value of the rupee in your pocket.<\/p>\n<p>As our Prime Minister Narendra Modi rightly suggested, this &#8220;national sacrifice&#8221; today could lead to a more stable and prosperous economy tomorrow.<\/p>\n<div class=\"alert alert-warning\"><strong>Disclaimer:<\/strong> The information provided in this article is for general informational purposes only and is not intended as investment advice, financial guidance, or an offer or solicitation to buy or sell any securities. Readers should conduct their own research or consult a qualified financial advisor before making any investment decisions. The author(s) and the publisher disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein.<\/div>\n<div>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\">\n<p style=\"text-align: center;\"><b>RELATED POSTS<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/blog\/union-budget-2026-stock-market-winners-losers\/\" target=\"_blank\" rel=\"noopener\"><b>Union Budget 2026: Stock Market Winners &amp; Losers<\/b><\/a><b>\u00a0<\/b><\/td>\n<td>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/blog\/iran-israel-conflict\/\" target=\"_blank\" rel=\"noopener\"><b>Iran-Israel Conflict 2025: Implications for Crude Oil Prices and Stock Markets\u00a0<\/b><\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/blog\/election-results-impact-on-stock-market-winners-losers-trading-opportunities\/\" target=\"_blank\" 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<script>document.addEventListener(\"DOMContentLoaded\",function(){document.querySelectorAll('.wpcf7-form').forEach(function(e){e.addEventListener('submit',function(){if(document.getElementById('cf-turnstile-cf7-912004360')){setTimeout(function(){turnstile.reset('#cf-turnstile-cf7-912004360');},1000)}})})});<\/script> <\/div><br\/><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Submit\" \/>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Foreign Exchange Conservation: The primary reason for the appeal is to save India\u2019s foreign exchange (forex) reserves, which have faced pressure due to rising crude oil prices and global instability. Economic Stability: Reducing gold imports helps narrow the Current Account Deficit (CAD) and strengthens the Indian Rupee against the US Dollar. Global Volatility: [&hellip;]<\/p>\n","protected":false},"author":137,"featured_media":25646492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,1867],"tags":[],"class_list":["post-25646457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-stock-marketing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why PM Modi Wants Indians To Avoid Buying Gold For A Year<\/title>\n<meta name=\"description\" content=\"Thinking about PM Modi\u2019s latest statement urging Indians to avoid buying gold for a year? 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