PM Modi urged citizens to avoid buying gold, reduce fuel consumption and postpone foreign travel for a year to conserve foreign exchange amid economic pressures and global uncertainties.

Prime Minister Narendra Modi on Sunday, May 10, 2026, urged citizens to avoid buying gold jewellery for one year to help conserve foreign exchange reserves amid rising economic pressures and global uncertainties.

Speaking at a rally in Hyderabad, PM Modi said, “there was a time when, during a crisis or war, people would donate gold for the country. Today, there is no need for donations. But for the nation, we must decide that for one year, we will not buy gold jewellery at any function or event. We will not buy gold. To save foreign currency, our patriotism is being challenged. We must accept this challenge and help save foreign exchange.”

https://www.etnownews.com/news/dont-buy-gold-jewellery-for-one-year-what-is-behind-pm-modis-big-appeal-amid-west-asia-crisis-article-154289066

https://www.businesstoday.in/personal-finance/investment/story/pm-modi-asks-indians-to-stop-buying-gold-for-one-year-here-is-the-rupee-math-behind-why-you-shouldnt-530766-2026-05-11

https://www.livemint.com/market/stock-market-news/usiran-war-why-pm-modi-asked-indians-to-avoid-buying-gold-for-a-year-and-what-it-means-for-gold-prices-explained-11778484752661.html

https://www.moneycontrol.com/news/business/avoid-buying-gold-for-a-year-why-pm-modi-made-this-appeal-despite-india-s-robust-forex-reserves-13914358.html