After India, 🇲🇾 Malaysia…
Both have started tightening import duties or taxes on gold at the same time.
When governments increase taxes on gold, it usually does not mean that the problem is gold…
The real indication is something else.
🥇 The fact is:
When more gold purchases from a country go abroad,
the pressure on the local currency starts increasing.
To reduce this pressure, governments:
Increase import duties
or make gold imports expensive
so that the flow of dollars can be reduced
💱 In simple words:
This is not a “Gold problem”…
It is often a “Currency & liquidity problem”.
📊 That is:
The pressure on the currency is increasing
The trade deficit or dollar outflow is increasing
And governments are trying to control the flow
⚠️ Important point: This is not a globally coordinated decision, but each country takes steps according to its economic situation.
📌 Conclusion: When restrictions or taxes on gold increase, don't just think of it as a commodity rule...
This is often a silent signal of internal economic pressure.$XAUT