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Gold loses most liquid asset status

Posted on 24 November 2016

Gold has traditionally been considered this country’s most liquid asset — at any time, people were prepared to give cash against it. After the demonetisation, that has changed.
Scrap gold dealers appear to be gradually shifting to cheque payment or net banking fund transfer. And, customers are not ready for this — selling against cheque means it shows in the account book and long-term capital gains tax is applicable. The concept of gold as an asset capable of getting anytime money is evaporating…………………………………Full Article: Source


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