The Economic Times

Gold, silver imports not at alarming level, RBI monitoring it: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said the government is closely monitoring gold prices, noting that while the metal usually sees seasonal demand during festivals, prices have not crossed certain limits and are not at alarming levels. She said India relies heavily on imported gold as domestic production is limited, and household demand typically rises during festive periods, with global central bank purchases also contributing to price spikes.