: Some unscrupulous dealers record a lower value on official documents and take the remaining balance as a "cash under the table" payment. The Risks of Dealing with Unregulated Buyers
Illegal gold trading thrives on anonymity and the circumvention of official oversight. black market gold buyers
: Many illicit transactions are conducted entirely in cash without proper invoices to avoid Goods and Services Tax (GST) and income tax. : Some unscrupulous dealers record a lower value
: Illegally obtained gold (from theft or unlicensed mines) is often melted and recast into new forms to obscure its origin. black market gold buyers