'Seasonal, Situation Not Alarming': Finance Minister On Gold-Silver Prices

Union Finance Minister Nirmala Sitharaman has reassured the public regarding the current fluctuations in gold and silver prices, emphasizing that the situation is being closely monitored by the government. She described the heightened demand for these precious metals in the domestic market as largely seasonal, suggesting that the recent price increases are not indicative of a long-term trend. Sitharaman's comments come amid concerns among consumers and investors about the rising costs of gold and silver, which are traditionally viewed as safe-haven assets. The Finance Minister's remarks aim to alleviate anxiety over potential economic instability and to reinforce confidence in the market's ability to stabilize. As the festive season approaches, the government remains vigilant in observing market dynamics to ensure that consumers are protected and that price fluctuations remain manageable.