Is Modi's current gold guidelines beneficial for the country.

Yes, beneficial for the country in the short term, but harmful if continued too long.

Core judgement: India imports almost all its gold, and gold imports hit about $71.98 billion in 2025–26, forming nearly 9–10% of India’s import bill. Raising duty from 6% to 15% can reduce dollar outflow, protect forex reserves, and support the rupee. (www.ndtv.com)

But the weakness is clear: high duty can increase smuggling, widen grey-market margins, hurt jewellers, and push domestic prices sharply higher. Reuters reported record discounts and smuggling concerns after the hike. (Reuters)

Final view:
Good emergency macro-control step.
Bad long-term gold policy.
Best used for 6–12 months, then replaced with gold monetisation, recycled domestic gold, export-focused import channels, and lower friction for formal jewellery trade.