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India’s Government Just Taxed Gold & Silver

India raised import duties on gold and silver from 6% to 15% just days after Prime Minister Modi personally asked citizens to stop buying gold. On the surface, it looks like a decisive policy response. But underneath it reveals something far more significant about the state of India's currency, its trade deficit, and what $3.8 trillion in household gold actually represents.

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We break down the mechanics: the rupee under pressure, the $40 billion drop in RBI reserves, India's role in global physical demand, and why this duty hike may confirm the bullish case for gold and silver more effectively than any price forecast.

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