Wednesday, May 21, 2014
Nothing stops Indian tourists from finding a way to buy gold as there are current restrictions placed by the Indian government who have stopped people from importing the much loved metal - this has lost its spot as the world’s number one gold market at the end of 2013. People are still finding ways to get their hands on the dazzling goods!
However smuggling of gold through unofficial ways has continued just as it has done in previous years. Newly elected Prime Minister Modi may lift the existing duty controls to try and control this. This has made a huge dent in sales within the UAE as sales are up by 18% due to Indian tourists and their love for gold.