Modi's Gold Curbs Fail to Dent India's Gold Boom

Prime Minister Modi's recent measures to curb gold imports in India have failed to impact the country's gold boom. The gold market in India continues to thrive, with demand remaining high despite government restrictions.

The Indian government imposed a ban on importing gold coins and medallions in July 2013 as part of its efforts to boost exports and reduce trade deficits. However, the move has not had the desired effect, with gold imports still running high.

According to data from the World Gold Council, India's gold demand remains one of the highest in the world, driven by strong domestic consumption. The country's gold market is expected to remain robust in the coming months, despite government efforts to control it.