India has emerged as the leader in grassroots cryptocurrency adoption, according to the 2023 Global Crypto Adoption Index released by blockchain analytics platform Chainalysis. The index measures crypto adoption by everyday residents, rather than by transaction volumes or mining activities. India scored 0.87 out of 1 in the index, followed by Vietnam (0.84) and Pakistan (0.82).
Crypto value received and sent
India also ranked second in the top countries by raw estimated crypto value received between July 2022 and June 2023, with around $250 billion in crypto value. The U.S. topped the list with nearly $1 trillion in crypto value received during the same period. India also sent around $240 billion in crypto value, making it the third-largest country by crypto value sent, behind the U.S. ($1.2 trillion) and China ($400 billion).
Challenging tax regime and regulatory environment
India’s impressive crypto adoption rates came despite its “challenging” tax regime and regulatory environment, as noted by Chainalysis’ report. India currently taxes crypto gains at 30% and also deducts 1% at the source (TDS). The report observed that many Indian users were drawn to international exchanges that did not collect TDS taxes effectively, resulting in a loss of revenue for Indian exchanges. The report also highlighted the legal challenges faced by Indian exchanges, such as WazirX, which had its funds frozen and was investigated by the Enforcement Directorate last year.
Popular crypto assets and user preferences
Indian crypto traders invest in top value assets such as Bitcoin and Ether, but also enjoy meme-based assets such as Dogecoin and the Shiba Inu token. The report stated that Indian users were more likely to use crypto for remittances, savings, and peer-to-peer transactions than users from other countries. The report also suggested that India’s large population, young demographics, high internet penetration, and growing digital economy were factors that contributed to its high crypto adoption.
Need for clear and supportive crypto regulations
The report urged the Indian government to frame more fleshed-out crypto regulations that would boost both entrepreneurs and investors in the sector. The report also recommended lowering the tax rate on crypto gains to make it more attractive for users. The report stated that India had a huge potential to become a global leader in crypto innovation and adoption if it embraced a positive and supportive regulatory stance.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
