Is This The Centre’s Big Decision On Gold ?

A few days after Narendra Modi advised citizens to avoid buying gold for a year, the Central Government reportedly increased import duty on gold, silver, and other precious metals up to 10 percent. The move is said to be aimed at discouraging excessive gold purchases and reducing the financial burden caused by rising imports.

The decision has now sparked discussions among traders and consumers across the country. Market experts believe the hike may increase jewellery prices in the coming days. At the same time, the government is encouraging people to focus more on savings, public transport, and energy conservation to reduce economic pressure on the nation.