Gold prices have exploded, the Rupee has hit record lows, and the government has sharply increased import duty on gold and silver. But why is India suddenly trying to discourage people from buying gold? In this episode of Kharcha Paani, Abhishek explains how the West Asia conflict, rising oil prices, weakening Rupee, falling forex reserves, and India’s massive gold imports are all connected. From MCX upper circuits and soaring jewellery prices to the pressure on India’s dollar reserves and fears of smuggling returning, this is the story of why gold has become more than just jewellery — it has become an economic problem. Watch the full episode to understand how your gold purchase affects India’s economy, trade deficit, forex reserves, and the value of the Rupee.
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Production: Shruti
Video Editor: Ved