The Only Way to Stop Indians Buying Gold? Take Away Their Cash – Bloomberg


Bloomberg

The Only Way to Stop Indians Buying Gold? Take Away Their Cash
Bloomberg
Coupled with a higher import tax, the abolition of 86 percent of the nation’s banknotes in an anti-corruption drive helped push gold imports down 39 percent last year to 558 metric tons. Overall consumption in India tumbled to 676 tons, the lowest

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