Gold News: Fluctuations in gold prices are seen every day. Now gold prices are showing some decline after reaching record levels recently. In such a situation, many people are now busy selling their jewelery so that they can earn profit from it. The rates still remain quite high in the market. If you are also preparing to sell your old jewellery, then first know some important things.

Why are people selling old gold?

According to the information, in the April to June quarter, Indian families have sold about 50 tonnes of old gold in the market. The main reasons for this are said to be the opportunity to earn profits and the fear of falling prices in the future. Many people believe that gold may fall further. According to reports, it is being estimated in the market that the prices may come down to around Rs 1.2 lakh per 10 grams. This is why people are selling old jewelery and converting it into cash.

India’s gold recycling sector is benefiting from increasing sales of old gold. Old jewelery is being melted again and converted into gold and then supplied to jewellers.

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Should you also sell gold or not?

If you are also thinking of selling gold, then first know some important things. Experts say that the decision to sell gold should not be based only on prices, but should be based on needs. Even today, gold is considered a good investment option. Therefore, these things should be kept in mind before selling gold. However, it is true that for those who do not use old jewellery, this can be a good opportunity to earn profits.

Do not take any decision in haste

• If you too are going to sell gold after seeing others, then know some things now.
• Suppose, if the price of gold increases again in the future, then the person selling now will not be able to take advantage of the increased price.
• Also, if you sell gold now and you face an emergency in the future, what will you do?
• At such a time, you will no longer have any strong financial support.
• Therefore, do not take any decision in haste, always take any step after thinking carefully.

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PM Modi Gold Selling Appeal: Some time ago, during his address, PM Modi had appealed to the people of India that considering the current situation, people should not buy gold for a few days. Now a news is going viral in which it is being said that PM Modi has appealed that women should sell their gold and deposit the money in the bank. Have you heard something similar?

If you have also heard or seen any such news, then first know its truth here.

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What is the full news?
Actually, a screenshot has been shared through the social media account of PIB Fact Check. In which it is written, ‘This is not the time to buy gold, but this is the time for the sacrifice of mothers and sisters. There is an appeal to the mothers and sisters to sell the gold and deposit all the money in their banks.’ The photo of Prime Minister Narendra Modi is attached with it and his name is also written. Along with this photo, PIB has written, ‘No such appeal has been made by the Prime Minister regarding selling of gold.’

PIB fact check said wrong
PIB Fact Check has completely rejected this claim. It has been told in this fact check that ‘This claim is completely fake. Prime Minister Narendra Modi has not made any such appeal. In view of the global situation, the Prime Minister had appealed to the people to avoid buying gold for the time being. Along with this, he has also shared a press release of the real appeal.

on social media @NavbharatTimes Through a digitally altered photograph, it is being claimed that Prime Minister Narendra Modi has appealed to women to sell their gold and deposit the money in the bank. #PIBFactCheck

This claim #bogus Is. Prime Minister @narendramodi Did not make any such appeal… pic.twitter.com/1MBSRkPBJu

— PIB Fact Check (@PIBFactCheck) June 8, 2026

Apart from this, PIB Fact Check has refused to believe such news. He has written in this post that do not trust any such wrong information but trust it only after confirming it through official sources. Apart from this, PIB’s WhatsApp, Gmail and contact details have also been shared and it has been said that any information can be confirmed here.

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