<div id="readability-page-1">Government's clear stance: Officials said there are no plans to raise gold and silver import duties or restrict international card use despite forex concerns. Modi's conservation call: The Prime Minister urged citizens to avoid gold purchases, cut fuel use, and limit overseas travel to protect foreign exchange reserves. Market jitters: Jewellery stocks fell sharply and the rupee hit a record low as investors feared potential trade restrictions.</div>

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<p>India's government has ruled out increasing gold and silver import duties or restricting international card use, despite concerns over foreign exchange reserves. Prime Minister Modi has urged citizens to reduce gold purchases, fuel consumption, and overseas travel. Following these statements, jewellery stocks experienced a significant decline, and the rupee reached a record low amid fears of potential trade restrictions.</p>

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India rules out gold duty hike despite Modi's import warning