Meerut's Sarafa Bazar sales crash to 20-30% after Modi's gold curb appeal
Meerut's bullion hub, with ₹20,000 crore turnover and 200 wholesale stores, reports daily sales down to 100gm from 500gm after PM Modi urged Indians to pause gold buying for a year. Jewellers offer ₹5,000-7,000/10g discounts, warn of smuggling revival and livelihood crisis for 30,000 goldsmiths.
Meerut's Sarafa Bazar bullion market reports business down to 20-30% after PM Modi's call to curb gold purchases for a year; jewellers seek relief, offer discounts, fear smuggling revival, and warn of livelihood crisis for 30,000 goldsmiths.