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A Government Just Ordered Its Citizens To Stop Buying Gold Right Now

India’s Prime Minister has urged citizens to stop buying gold for a year.

Why?

Because India is facing a mounting foreign-exchange squeeze, rising oil import costs, pressure on the rupee, and a growing need to conserve dollars. At the same time, Indian banks have reportedly faced weeks of disruption importing gold and silver, with customs delays, tax uncertainty, and supply bottlenecks creating pressure in the world’s second-largest gold market.
This is not just a story about jewellery demand.

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It is a story about currency pressure, government control, physical supply, and why gold becomes politically inconvenient when citizens want to protect themselves outside the banking system.

In this episode, we look at:

Why India’s official gold imports collapsed in April 2026

Why Modi asked citizens to avoid gold, fuel use, foreign travel, and imported consumption

How the oil crisis is putting pressure on India’s foreign-exchange reserves

Why physical gold premiums reveal more than import figures

What this tells us about government control during monetary stress

Why gold is treated differently when central banks buy it versus when citizens do

Gold is not being targeted because it is useless. It is being targeted because it is useful.

If you want to understand how physical gold and silver can help protect your wealth outside the banking system, visit GoldCore today.

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