BackPM Modi Urges Citizens to Postpone Gold Purchases Amidst West Asia Tensions

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Economic Times5/12/2026BusinessIndia

PM Modi Urges Citizens to Postpone Gold Purchases Amidst West Asia Tensions

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Prime Minister Modi has asked citizens to postpone gold purchases to reduce India's import bill amidst West Asia tensions, sparking concerns among the jewellery industry about business and job impacts.

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3M India has temporarily suspended manufacturing operations at its Ahmedabad plant due to severe rainfall and flooding. The company informed stock exchanges, stating that restoration will take days, but assets are insured, and no material business impact is anticipated. Gujarat Chief Minister Bhupendra Patel visited affected areas to review relief efforts.

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PM Modi Urges Citizens to Postpone Gold Purchases Amidst West Asia Tensions

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