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How can a resident Indian buy and hold physical gold/silver at BullionVault?
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Since the question has remained unanswered, I'm adding some information I have since found by way of a partial answer. It looks like you don't need a foreign currency account for this purpose. Banks ...

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Transfer funds from US to India bank account
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You're not required to move money to India by law. Some US banks, e.g. Chase, allow you to keep the account and update mailing address to international. There won't be a monthly charge if you maintain ...

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