: 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
: High import duties in some countries create incentives for smugglers to bring gold in illegally. This "arbitrage" allows black market dealers to sell gold at slightly lower prices than legitimate jewelers while still turning a high profit. : 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