500 and 1000 Rupee notes were just withdrawn, and now India seems to be confiscating gold?!
From: "Income tax officials say raids on jewellers based on 'credible intelligence' proving fruitful"
http://indiatoday.intoday.in/story/...aids-gold-jewellers-black-money/1/814439.html
it appears that the government is making national raids on jewellers, foreign exchange dealers, and commodity dealers.
Plus raids to seize gold, even in the form of jewellery:
https://twitter.com/i/web/status/804351147989299200
From: "Income tax officials say raids on jewellers based on 'credible intelligence' proving fruitful"
http://indiatoday.intoday.in/story/...aids-gold-jewellers-black-money/1/814439.html
it appears that the government is making national raids on jewellers, foreign exchange dealers, and commodity dealers.
Plus raids to seize gold, even in the form of jewellery:
https://twitter.com/i/web/status/804351147989299200