India's Gold Crisis : PM Modi's Warning & Jewellery Industry Impact | Sanjay Kathuria Podcast EP67

India's Gold Crisis : PM Modi's Warning & Jewellery Industry Impact | Sanjay Kathuria Podcast EP67In this episode of the Sanjay Kathuria Podcast, we sit down with S.S. Alam (Sheik Sultan Alam), Managing Director and Founder of Aurum Jewels Ltd., one of India's largest gold chain manufacturers, with nearly 39 years inside the gold industry.After the government appealed to Indians to pause gold buying for a year, the jewellery industry was hit hard. In this conversation, S.S. Alam decodes exactly why this happened, how it threatens nearly 1 crore livelihoods, and what the government, jewellers, and consumers should each do to protect the industry and the country. He also shares a bold 5-year prediction on where gold prices are headed.What You'll Learn✅ Why did Modi ji Says STOP Buying Gold?✅ 6 Things India Depends on Foreign Countries For✅ Why India Produces Almost ZERO Gold✅ What Was the Gold Control Act of 1962?✅ 3 practical suggestions for Government ✅ Why Gold Price FELL During the War✅ How to Save 75 Lakh Gold Artisans' Jobs✅ Will Gold Price Touch Rs 3 Crore/Kg⏱️ Updated Timestamps00:00 – Podcast Teaser01:58 – Guest Intro of SS Alam 03:48 – Why did Modi ji Says STOP Buying Gold?05:09 – 6 Things India Depends on Foreign Countries For06:04 – How India's Foreign Reserves Crashed08:05 – How Much Gold Does India Import?08:34 – Why India Produces Almost ZERO Gold10:09 – India is Reactive, Not Proactive on Mining11:44 – Why Gold Price FELL During the War12:54 – The Real Impact on Jewellery Industry14:44 – 50% Sales Gone in Just 8 Days15:55 – The 3 Stakeholders Who Must Act Now16:33 – Who Got Hit Hardest in the Value Chain?17:54 – What the Government Should NOT Do18:06 – What Was the Gold Control Act of 1962?23:22 – India Has 35,000 Tonnes of Gold Already24:58 – Suggestion 1: Bring a VDS Scheme for Gold25:35 – Suggestion 2: Fix the Gold Monetization Scheme29:28 – Suggestion 3: Circulate RBI's 880 Tonnes of Gold29:51 – Why Bullion & Coins Should Be Banned30:53 – Buy LOW Purity Jewellery, Not High Purity32:39 – How to Save 75 Lakh Gold Artisans' Jobs35:08 – Can the Gold Control Act Return in 2026?38:49 – What Import Number Will the Government Accept?40:42 – Will the Government Take Your Gold?44:17 – Why Silver Has a HUGE Future46:01 – What Should Consumers Sacrifice for India?48:02 – What Should Retailers Do to Survive?51:10 – What Should Manufacturers Do Now?53:29 – The One Mistake the Government Must Avoid55:23 – Will Gold Price Touch Rs 3 Crore/Kg57:54 – Final Advice for the Country58:52 – Episode OutroGuest Social HandlesInstagram : https://www.instagram.com/s_s_alam__businessman/Facebook : https://www.facebook.com/ssalam07/LinkedIn : https://in.linkedin.com/in/sultan-alam-sheikSanjay Kathuria Podcast HandlesInstagram : https://www.instagram.com/sanjaykathuriapodcastYouTube (Main) : https://www.youtube.com/@sanjaykathuriapodcastYouTube (Clips): https://www.youtube.com/@SKPClipsFacebook : https://www.facebook.com/sanjaykathuriapodcastsConnect with Sanjay KathuriaInstagram : https://www.instagram.com/financebysanjayFacebook : https://facebook.com/financebysanjayLinkedIn : https://linkedin.com/in/sanjaykathuriaTwitter : https://twitter.com/sanjaykathuriaYouTube : https://www.youtube.com/@Sanjay_KathuriaHashtags#SanjayKathuriaPodcast #SSAlam #GoldCrisis #ModiGoldAppeal #GoldInvestment #JewelleryIndustry #GoldControlAct #GoldPrice2026 #SilverInvestment #PersonalFinanceIndiaDisclaimerThe views, opinions, and predictions shared in this episode are those of the guest and host and are for educational and informational purposes only. Nothing in this video constitutes financial, investment, or legal advice. Gold and other asset prices are subject to market risk. Please consult a qualified financial advisor before making any investment decision. The Sanjay Kathuria Podcast and its team are not liable for any decisions taken based on this content.