India Edition

​Modi Takes a Heavy Hand to Curb India’s Love for Gold

India is the world’s second-largest market for bullion.
Gold necklaces at a Umedmal Tilokchand (U.T) Zaveri jewelry store at Zaveri Bazaar in Mumbai, India.Photographer: Dhiraj Singh/Bloomberg

Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi. If you didn’t receive this directly in your inbox, you can subscribe here, and share feedback with us here.

Today, I assess the impact of higher gold and silver duties, and my colleague Rakesh Sharma examines the government’s challenges in keeping fuel pumps running smoothly.