Indian Gold Imports Plummet to Three-Decade Low Amid Tax Dispute
The Sudden Halt in Precious Metal Shipments India, the world’s second-largest consumer of gold, saw its imports drop to a near 30-year low in April as a sudden regulatory dispute regarding the Integrated Goods and Services Tax (IGST) brought bank shipments to a complete standstill. The standoff, which centers on tax liability documentation, has effectively…