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Business & Finance

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

Bloomberg Markets Tuesday 29 September 2026, 10:03 UTC By Preeti Soni 1 min read
Key Points

Exorbitantly 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.

Exorbitantly 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.
India (LOCATION) Indian (ORG)
Originally published by Bloomberg Markets Read original →

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