Nirmala Sitharaman Addresses Gold Price Volatility Amid Global Instability

• Union Finance Minister Nirmala Sitharaman attributes extreme gold price fluctuations to global market instability and investors seeking safe assets.
• Gold prices on MCX saw a slight decline on Monday evening, with a less than one percent drop for 10 grams.
• Indian spot market gold prices plummeted over 13% in 5 days, from Rs 1.7 lakh to Rs 1.4 lakh for 10 grams, surprising consumers.
• Sitharaman emphasized government investments for economic growth, focusing on employment-generating sectors and long-term reforms.
• She clarified STT hike in F&O to protect small investors from high-risk derivative trading and confirmed continued PSU disinvestment.

Why It Matters: Nirmala Sitharaman explains gold price volatility by global instability, assuring government reforms will stabilize markets.