Gold smuggling across India has surged sharply as domestic prices touch record highs ahead of Dhanteras and Diwali. The festive season traditionally fuels demand for gold jewellery, coins, and bars, but soaring prices and limited supply have made smuggling an increasingly profitable business, news agency Reuters reported. Authorities report a notable uptick in illicit gold shipments, reversing the decline seen after last year’s import duty reduction. Enforcement agencies, including customs and the Directorate of Revenue Intelligence (DRI), have intercepted growing numbers of smuggling attempts at major airports in recent weeks. Advertisement

At current market levels, smuggling a kilogram of gold can yield profits exceeding Rs 1.15 million, nearly double the margin after the July 2024 du

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