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Modi’s gold purchase postponement warning leaves investors wondering whether to hold or switch now
Economy
Published on 12 May 2026
Hold your current gold, experts say, but plan differently
Prime Minister Narendra Modi asked people to postpone gold purchases to help curb India’s import bill amid West Asia tensions. The gold industry worries about demand shocks and job losses. Experts broadly advise existing investors to hold, while new buyers consider digital gold. They also point to domestic gold recycling and potential tax-law changes to reduce import pressure without harming livelihoods.
- Modi urged postponing gold buying to curb import costs
- Gold industry fears business slowdown and job impact
- Experts say existing investors should hold their gold
- Digital gold and recycling could reduce future import dependence
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times