Cash Crunch Leaves India Gold Lovers No Way to Buy Wedding Rings

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.

Cash Crunch Leaves India Gold Lovers No Way to Buy Wedding Rings