Prime Minister Narendra Modi's one‑year gold‑buying appeal wins support from Prayagraj traders

Prime Minister Narendra Modi urged the public to refrain from buying gold for a year, saying it would preserve foreign‑exchange reserves amid global economic pressures. In Prayagraj, traders at the city’s sarrafa (gold‑ornament) market responded mostly positively, describing the appeal as a forward‑looking step for the nation.

Several merchants praised the prime minister, noting that reduced gold purchases could ease external‑currency strain and benefit the economy, while also calling on the government to provide alternative investment options for traders. They acknowledged possible short‑term impacts on their business but expressed confidence that the measure would support national interests and reduce dependence on gold imports.

The traders hope the government will introduce policies to assist the sector during the voluntary slowdown, emphasizing the need for concrete alternatives as the country navigates the ongoing global crisis.