PM Modi wants Indians to cut gold buying: How much forex can be saved?

India’s gold imports hit a record $71.98 billion in 2025-26, rising over 24% from $58 billion a year earlier. This was largely due to skyrocketing global gold prices, which have bumped up the value of imported gold.

May 12, 2026 - 22:30
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PM Modi wants Indians to cut gold buying: How much forex can be saved?
India’s gold imports hit a record $71.98 billion in 2025-26, rising over 24% from $58 billion a year earlier. This was largely due to skyrocketing global gold prices, which have bumped up the value of imported gold.

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