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BUSINESSBloomberg Markets·10h ago

Cash Gold Market Booms in India as High Prices and Taxes Bite

BUSINESSBEATPOST
AI TLDR · GEMINI

High gold prices and taxes in India are pushing consumers toward untraceable cash transactions for bullion and jewelry to avoid government oversight.

High gold prices and steep taxes are driving more Indian buyers into under-the-counter cash sales, where bullion and jewelry change hands without invoices that can be traced by authorities.

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