Gold smuggling hits 50 tonnes in India as 15% import duty widens price gap

Nov 4, 2026 - 16:30
Gold smuggling hits 50 tonnes in India as 15% import duty widens price gap

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According to a World Gold Council report, gold smuggling is estimated to have climbed to around 50 tonnes in the September quarter, compared with just three tonnes in the same period a year earlier. The surge highlights how higher import costs have had unintended consequences for the market.

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