Gorakhpur, May 12 -- The recent statement by Prime Minister Narendra Modi on postponing the buying of gold has led to some people expressing uncertainty over the bullion market, with traders and the public closely watching its possible economic implications. The Prime Minister's advisory discouraging non-essential gold purchases has raised worries among jewellers, while also sparking uncertainty among consumers who view gold as both an investment and a traditional asset.

Some jewellers, like Sanjay Kumar Agrawal of Parampara Jewellers, expressed that despite the call for reduce non essential gold buying, the sellers still have to stay in the market. He also urged customers to exchange old gold through new market schemes.

Agarwal said, "...