IMO, India consumes Gold more than any other nation.. I should rather say twice of any other nation..
When they compare official figures, they always ignore the black market (smuggled Gold)
Hardly anyone takes invoice (bills) when we buy Gold here, this saves us money (escape VAT/taxes)
I thought I should share this here..
PS: Physical demand of Gold is at lowest level of the year around these days as there is no ancient festival around.
When they compare official figures, they always ignore the black market (smuggled Gold)
Hardly anyone takes invoice (bills) when we buy Gold here, this saves us money (escape VAT/taxes)
I thought I should share this here..
PS: Physical demand of Gold is at lowest level of the year around these days as there is no ancient festival around.
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