Cash Crunch Leaves India Gold Lovers No Way to Buy Wedding Rings
By GCRU Gold News on Tuesday, January 17 2017, 01:55 - Permalink
A self-imposed cash shortage in India is creating chaos for jewelry retailers in one of the world’s biggest gold-buying countries. Sales are plunging.
A majority of retailers aren’t equipped to accept credit cards because India’s jewelry industry runs mostly on cash, something consumers have a lot less of these days.