Gold smuggling hits 50 tonnes in India as 15% import duty widens price gap
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
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...
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.
Original Source
https://timesofindia.indiatimes.com/business/india-business/gold-prices-may-have-crashed-globally-but-gold-smuggling-in-india-has-jumped-to-50-tonnes-from-3-tonnes-in-a-year-as-15-import-duty-widens-the-price-gap-demand-remains-29-lower-year-on-year/articleshow/135528689.cms
