VERIFIEDET Finance·11 May 2026neutral

As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling framework

AI Summary

·The All India Jewellers & Goldsmith Federation proposes mobilising idle gold stocks to save foreign exchange.
·This initiative aims to protect the livelihoods of 35 million people.
·The federation suggests establishing a bullion bank and revamping the gold monetisation scheme.