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Hiren Chandaria: This is why India keeps buying gold

India's appetite for gold has survived taxes, restrictions, and reform.

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zerohedge.com

economictimes.indiatimes.com

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zerohedge.comStai leggendo1 mese fa

Hiren Chandaria: This is why India keeps buying gold

India imports 700–900 tons gold yearly (9% of total imports); duties 6%→15%, but demand holds firm for cultural reasons—Indians ask when to buy, not whether. Rupee depreciation to ₹95/$ amid trade deficits threatens IT outsourcing competitiveness in the world's largest tech services hub.

originale

economictimes.indiatimes.com1 mese fa

India’s gold hunger stays unshaken as higher duties fail to close the import floodgates

India's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a notable spike in demand, which has since sustained momentum. This pattern implies…

Timeline cronologica

lunedì 15 giugno 2026·zerohedge.com
Hiren Chandaria: This is why India keeps buying gold
India's appetite for gold has survived taxes, restrictions, and reform.
martedì 16 giugno 2026·economictimes.indiatimes.com
India’s gold hunger stays unshaken as higher duties fail to close the import floodgates
India's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a notable spike in demand, which has since…