Modi urges pause on gold purchases in India to protect rupee
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Heuristic (v1/v3)
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ML v2 (DistilBERT)
0.437 · RIGHT
Ensemble
0.218 · CENTER RIGHT
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Article Excerpt
Modi urges pause on gold purchases in India to protect rupee
RAJENDRA JADHAV AND NIMESH VORA
MUMBAI
REUTERS
PUBLISHED MAY 11, 2026
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Indian Prime Minister Narendra Modi’s call to avoid gold purchases for a year to help protect foreign exchange reserves fuelled concerns of higher import tariffs on the metal, sending shares of Indian jewellery retailers lower.
The Iran war has sent oil prices surging and that in turn has resulted in mounting pressure on Indi…
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