Story perspectives

Modi Urges Delay on Gold, Travel to Preserve Reserves

5/11/2026

Summary

Story summary

Modi urged citizens to postpone gold purchases and foreign travel for a year.
He promoted work-from-home and virtual conferences to cut fuel use.
He asked people to curb petrol and diesel use via transport, car-pooling, electric vehicles and metro rail, citing the West Asia conflict and oil prices.
He said reserves were $691.11 billion at end-March 2026—enough for 11 months of imports—and gold’s share rose to 16.7 percent from 13.92 percent in September 2025.

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Story summary

Modi urged citizens to postpone gold purchases and foreign travel for a year.
He promoted work-from-home and virtual conferences to cut fuel use.
He asked people to curb petrol and diesel use via transport, car-pooling, electric vehicles and metro rail, citing the West Asia conflict and oil prices.
He said reserves were $691.11 billion at end-March 2026—enough for 11 months of imports—and gold’s share rose to 16.7 percent from 13.92 percent in September 2025.