HSBC Sees Flows Into Debt Extending After Gold Tax

HSBC Sees Flows Into Debt Extending After Gold Tax

Dhiraj Singh/Bloomberg

A salesman counts strands of gold necklaces at a store in Mumbai. Overseas purchases of gold, which accounts for 80 percent of the nation’s current-account deficit, may decline 12 percent to 750 tons in the fiscal year starting April on higher taxes.