Subject title is bullshit. India did not outlaw gold. As always was the case, gold can be purchased with after-tax money.
The new thing is that the gov is now demanding that all gold be shown to be purchased with after-tax money. And, apparently, resorting to draconian measures to determine if each person's gold above some threshold has been purchased accordingly.
But it has not made gold illegal.
So when has the Communist government ever stopped at its original limited action?
This is only the first step.
Prognostication about what may or may not come to pass is one thing. But posting bullshit as fact is merely posting bullshit as fact.