Prime Minister Narendra Modi has urged citizens to recycle old gold kept in homes and temples instead of buying new gold to reduce import dependency. India holds nearly 32,000 tons of private gold reserves. By recycling just 1% of this annually, the country could reduce gold imports by 25-30%, saving billions of dollars in foreign exchange reserves. The government has already increased import duty on gold and silver from 6% to 15% to strengthen the economy.
https://punjabi.abplive.com/business/india-holds-32000-tonnes-of-gold-reserve-why-pm-modi-and-government-wants-it-back-in-circulation-872935 #Creator program


