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Gold's own country: India's booming smuggling sector

The Morning Brief

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The New Age Gold Smugly

Kiran Sowmanshi: Indian's love gold. We buy it as our ultimate investment, the safest haven. India consume about 800 tons of gold every year out of which close to 100 tons comes through recycling. Next year in 2022, we imported 706 tons of gold, that's 90% of our annual consumption. The government doesn't like us shopping abroad for gold. For something we love so much, we are the antithesis of Atmanerpa.

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