🚨 BREAKING: 🇮🇳 PM Modi urges Indians to avoid buying gold for the second time this year.
The last time he made a similar appeal, gold fell 16% in just 50 days. 👀
💰 One theory behind the move: as Sovereign Gold Bonds approach maturity, lower gold prices could reduce the government’s redemption cost. Critics argue that discouraging gold demand — along with tax/import-duty measures — could help put downward pressure on local gold prices.
Is India trying to keep its Gold Bond bill lower? 🤔
#Gold #India #GoldPrice #SovereignGoldBond #Investing
The last time he made a similar appeal, gold fell 16% in just 50 days. 👀
💰 One theory behind the move: as Sovereign Gold Bonds approach maturity, lower gold prices could reduce the government’s redemption cost. Critics argue that discouraging gold demand — along with tax/import-duty measures — could help put downward pressure on local gold prices.
Is India trying to keep its Gold Bond bill lower? 🤔
#Gold #India #GoldPrice #SovereignGoldBond #Investing
