The Story
News Summary
- India's Prime Minister Modi renewed appeals to curb gold purchases to reduce the trade deficit and support the rupee.
- The move threatens physical demand from one of the world's largest consumers ahead of peak festival season, triggering sharp drops in jewellery stocks and pressure on gold prices.
Explore XAUUSD price history & advisor snapshot
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Stored market data
XAUUSD price history
4388.40
-7.92% over the displayed period
Advisor Snapshot
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