India's Love Affair With Gold Tested as Tax Fight Spurs Shutdown
- Stores shuttered nationwide to protest plan for excise duty
- Dispute pits Modi government against nation's jewelry trade
Jewelers strike to protest against increased excise duty on gold in Gurgaon, India on March 2.
Photographer: Hindustan Times via Getty ImagesThis article is for subscribers only.
India’s thriving gold markets have gone strangely quiet. Shops are shuttered across the world’s largest consumer after China and would-be customers are getting frustrated in a country that adores bullion.
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