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The Economic Times
The Economic Times

PM Modi's appeal to postpone gold buying could hurt jewellery industry, says GJC

Gold Narendra Modi Economy West Asia

Mumbai: The gems and jewellery industry is likely to face an adverse impact after Prime Minister Narendra Modi appealed to citizens to postpone gold purchases for a year to help conserve foreign exchange amid the West Asia crisis, the All India Gem and Jewellery Domestic Council (GJC) said on Monday.

GJC Chairman Rajesh Rokde said the gems and jewellery industry, which provides direct and indirect jobs to over a crore of people, will come into stress after the prime minister's appeal.

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