No, as these purchasing are done by politicians,government oficials and their associates,and gold dealer have strength to ask kyc form these community, even banks ask for pancard for transaction above 50,000 rs what they have gained only harassement to honest ,law abiding consumer even banks do not ask govt officials andpoliticians their associates,g community any thing
what about the gold kept for generations of Indian people ? Will Govt. with their power open all lockers and take valuation of gold with KYC available at Banks in India ! But dont look at Swis Bank for currency
Gold is a hedge against inflation. Not possible to destroy demand this way, as buyers will find a way out. If people are allowed to buy foreign company`s stock using dollars, why cannot a small farmer can buy some ornaments for his daughters marriage or simply as investment?
There should not be 2 sets of rules in a country.
Govt ko Gold holding ki limit bhi banani chahiye har kharid dar se sari information leni chahiye pan no lena chahiye jissi aam aadmi bhi kuch sasta sona kharid sake.kyoki bechare logo ko majboori me shadiyo me mahga sona kharidna padta he...