Despite tax hike, Indian gold remains popular, valuable.
The success of Oi Wah Pawnshop can be attributed to its unique offering and reasonable price.
Latest data show private property prices rose the slowest pace in three quarters.
“The recovery has been largely government-driven, and has been underpinned by property froth and rampant shadow finance. This is not a healthy recovery.”
China’s disappointing economic growth in the first quarter is leading to a loss of confidence in the outlook for the world’s second largest economy.
Gold made up 11 percent of total Indian imports in 2012.
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