India’s Gold Imports Crater to 30-Year Low Amid Regulatory Gridlock
Regulatory Hurdles Stall Gold Trade India, the world’s second-largest consumer of gold, saw its import volume plummet to a nearly 30-year low in April as new Integrated Goods and Services Tax (IGST) requirements brought bank-led shipments to a complete standstill. The sudden regulatory shift has left massive quantities of bullion stranded in international vaults, effectively…
