Commerce and Industry Minister Piyush Goyal chaired a high-level meeting with key stakeholders from the precious metals sector to assess emerging challenges and chart a way forward, particularly in the backdrop of Prime Minister Narendra Modi’s recent appeal to curb gold consumption.

The meeting focused on the impact of prevailing global headwinds, including volatile prices, geopolitical uncertainties, and tightening financial conditions, which have begun to weigh on the sector’s operational stability.

Industry representatives flagged concerns over demand fluctuations, import dynamics, and supply chain disruptions, while also seeking policy clarity to navigate the evolving landscape. The discussions reflected a growing need to balance macroeconomic priorities with sectoral health, especially as gold continues to play a significant role in India’s trade profile.

Goyal emphasized that the government remains committed to working closely with industry stakeholders to ensure timely resolution of issues. He underlined the importance of building resilience within the sector through coordinated policy support and adaptive strategies.

The outreach signals the ministry’s intent to proactively address industry concerns following the Prime Minister’s broader economic messaging on reducing gold imports.