Under-the-counter cash gold sales boom in India as high prices and taxes bite – FinSiddhi

Under-the-counter cash gold sales boom in India as high prices and taxes bite

High gold prices, combined with increased taxes, are encouraging more buyers to engage in cash transactions. This trend allows buyers to save significantly compared to official market prices based on reported cases. As import levies have doubled, the informal gold market is thriving, especially leading up to wedding season. Retail customers are discovering varying discounts, influencing their purchasing decisions significantly.
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