A recent surge in gold import duty has fueled a wave of smuggling, with illicit gold now available at discounts of up to Rs 10 lakh per kilogram. This creates a significant price disparity with legally imported bullion, mirroring trends seen after a similar duty hike in 2013. Industry experts warn of escalating unofficial imports.
Business
Cheaper gold by Rs 10 lakh – 15% import duty prompts smuggling wave in India
- by The News Vista
- June 3, 2026
- 0 Comments
- Less than a minute
- 0 Views
- 2 hours ago

