Buying gold on Akshaya Tritiya is considered very auspicious. In such a situation, everyone buys some or the other gold item. Due to the huge crowd at the shops, people are not able to check it properly while buying gold. The result is that many times they become victims of fraud and bring fake gold home. In such a situation, if you have also bought gold despite the ever-increasing prices of gold, then check whether it is genuine or fake.
Have you bought fake gold on Akshaya Tritiya? Yes, after the increase in import duty on gold, smuggling of gold is happening indiscriminately. In such a situation, they are being sold a lot in the market as well. If you have also bought gold without checking, then you may suffer many losses.
10% of gold comes from smuggling
Smuggled gold comes in many ways in the Indian market. It is much cheaper than real gold. According to reports, about 10% of the gold in the country comes from smuggling and is then sold in the market. Often people find it difficult to identify it and they buy it. They think that whatever is yellow in Sonar's shop must be gold. but it's not like that.
If bought fake gold?
If you have also bought this fake or smuggling gold and are caught, then your gold can be confiscated. Also, you will have to give the information about the person from whom you have bought this gold to the Revenue Intelligence. The department will then take action against that person or jeweler. In such a situation, the money to buy your gold will be lost along with the gold itself. So you should try that you always buy the right gold at the right place and in the right way. Also, if someone is selling you cheap gold, then you should avoid taking it. Otherwise, you may get a long shot in the affair of cheap gold.
Smuggling gold has been caught so far
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