1kg gold bar to two-wheelers: Lalbaugcha Raja mandal’s treasures go under the hammer

The US dollar weakened against major currencies on Friday. Unexpected job losses in July fueled economic concerns and clouded Fed rate outlook. The unemployment rate declined, but labor force participation hit a multi-year low.

For bulk purchases, such off-the-record cash deals can bring prices down by as much as 6% from prevailing market rates. Dealers who take cash can avoid certain taxes and share some of those savings with buyers. The revival of this informal market is an unintended outcome of a policy intended to reduce India’s demand for…

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