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 EP67 In 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 Timestamps 00:00 – Podcast Teaser 01:58 – Guest Intro of SS Alam 03:48 – Why did Modi ji Says STOP Buying Gold? 05:09 – 6 Things India Depends on Foreign Countries For 06:04 – How India's Foreign Reserves Crashed 08:05 – How Much Gold Does India Import? 08:34 – Why India Produces Almost ZERO Gold 10:09 – India is Reactive, Not Proactive on Mining 11:44 – Why Gold Price FELL During the War 12:54 – The Real Impact on Jewellery Industry 14:44 – 50% Sales Gone in Just 8 Days 15:55 – The 3 Stakeholders Who Must Act Now 16:33 – Who Got Hit Hardest in the Value Chain? 17:54 – What the Government Should NOT Do 18:06 – What Was the Gold Control Act of 1962? 23:22 – India Has 35,000 Tonnes of Gold Already 24:58 – Suggestion 1: Bring a VDS Scheme for Gold 25:35 – Suggestion 2: Fix the Gold Monetization Scheme 29:28 – Suggestion 3: Circulate RBI's 880 Tonnes of Gold 29:51 – Why Bullion & Coins Should Be Banned 30:53 – Buy LOW Purity Jewellery, Not High Purity 32:39 – How to Save 75 Lakh Gold Artisans' Jobs 35:08 – 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 Future 46:01 – 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 Avoid 55:23 – Will Gold Price Touch Rs 3 Crore/Kg 57:54 – Final Advice for the Country 58:52 – Episode Outro Guest Social Handles Instagram :   / s_s_alam__businessman   Facebook :   / ssalam07   LinkedIn :   / sultan-alam-sheik   Sanjay Kathuria Podcast Handles Instagram :   / sanjaykathuriapodcast   YouTube (Main) :    / @sanjaykathuriapodcast   YouTube (Clips):    / @trendix-s3e   Facebook :   / sanjaykathuriapodcasts   Connect with Sanjay Kathuria Instagram :   / financebysanjay   Facebook :   / financebysanjay   LinkedIn :   / sanjaykathuria   Twitter :   / sanjaykathuria   YouTube :    / @sanjay_kathuria   Hashtags #SanjayKathuriaPodcast #SSAlam #GoldCrisis #ModiGoldAppeal #GoldInvestment #JewelleryIndustry #GoldControlAct #GoldPrice2026 #SilverInvestment #PersonalFinanceIndia Disclaimer The 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.