“Feroze Azeez urges Indian households to sell 2-4% of their idle gold holdings, framing it as financial patriotism and smart profit booking given gold prices are near historic peaks. This action would help curb India's $75 billion annual gold import bill, bolster the rupee, and reduce the current account deficit. He notes that gold's long-term returns (8.5% in rupee terms over 10 years) are not superior to other instruments, reinforcing the rationale for selling now.”
GoldBearishCalled 20 May 2026Graded 27 Jun 2026
Gold price decreased from ₹4539.80 to ₹4181.90, a drop of -7.88% in 30 days.
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