Neutral impactCommodity
Indians buying gold at Rs 5,000 per 10 grams discount on cash deals
Times of India 3 hrs ago·29 Sept 2026, 2:33 pm
A shadow market for gold has re-emerged in India, allowing buyers to purchase the precious metal at a significant discount by paying cash directly to dealers. This informal channel enables sellers to bypass taxes and regulatory checks, allowing them to pass on savings to customers. Consequently, investors can acquire gold at roughly Rs 5,000 less per 10 grams compared to official market rates, effectively lowering the entry cost for buyers who prefer to avoid formal banking channels.
This trend is an unintended consequence of recent government policies aimed at curbing gold imports and reducing the country's overall demand for the metal. While this discount offers a short-term benefit to cash buyers, it highlights the persistent strength of informal trade in commodities. Investors should monitor whether this shadow market continues to grow, as it could influence the broader pricing dynamics and tax compliance within the gold sector.
Key takeaways
- Category: Commodity.
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