Lucknow, May 12 -- The bullion market in Uttar Pradesh has come under stress following Prime Minister Narendra Modi's appeal to postpone non-essential gold purchases for one year.
It is estimated that this will affect approximately 3.5 million people in Uttar Pradesh.
However, traders have urged the Prime Minister to consider a roadmap to help those dependent on the sector manage the potential crisis.
Adish Kumar Jain, Senior Vice President of the Lucknow Bullion Association, said, "When the Prime Minister waves a gamchha in Bihar, power shifts. When he eats jhalmuri in Bengal, power shifts from one place to another. This means he is the leader of the country. Everyone listens to him. A bullion trader is always a nationalist. He works wi...