Gold has always been a prized possession in India, both as an investment and a status symbol. With its widespread appeal, many people prefer buying gold in cash, especially during festivals or weddings. However, the increasing push for transparency and anti-money laundering efforts has led to certain regulations surrounding cash transactions for gold purchases. So, how much gold can you buy in cash, and are PAN and Aadhar details mandatory? Legal experts provide clarity.

Cash purchase limits for gold

Under current regulations in India, the limit for buying gold in cash is set at Rs 2 lakh. According to the Prevention of Money Laundering Act (PMLA) and the Reserve Bank of India (RBI) guidelines, any transaction above this amount must be conducted through a bank transfer or cheque, ensurin

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