Modi warns against non essential gold buying as UAE trade fuels India’s imports

Gold inflow surges after the India UAE deal—now the squeeze

India’s gold imports are rising fast, with policymakers pointing to intensified flows after the India UAE trade benefits. Prime Minister Modi has urged citizens to cut back on non essential gold purchases, arguing the country could become more vulnerable amid tough global conditions. The concern: what looks like a booming trade may be exposing India to supply and economic shocks.