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GOLD SMUGGLERS
Gold falls below pre-duty-hike levels as overseas prices dropGold prices in India have fallen significantly, reaching their lowest point since early May. This price drop is expected to encourage more ...- Gold drops as oil climbs on renewed US-Iran hostilitiesGold prices dropped over 1% as rising oil prices, fueled by renewed U.S.-Iran hostilities, heightened inflation and interest rate hike conc...
- India's gold tariff hike fuels smuggling revival, squeezes banks and refinersIndia's decision to raise gold import duties to 15% is triggering a fresh surge in smuggling, as illegal operators exploit a widening price...
- Smugglers are hard at work as higher duty puts the shine on goldThe recent spike in import duties in India has inadvertently fueled a rise in gold smuggling activities. Traders are noting a marked increa...
- Gold smuggling surges in India as price spikes before festivalsGold smuggling into India has surged ahead of the Dhanteras and Diwali festivals due to record-high prices and tight supply, officials said...
- BSF thwarts gold smuggling bid along Bangladesh borderBorder Security Force (BSF) in South Bengal successfully intercepted a gold smuggling operation near the Bangladesh border, seizing gold wo...
- How Chennai YouTuber smuggled 267 kg of gold worth Rs 167 crore in just 2 months: Shocking detailsOver the span of two months, the group allegedly smuggled 267 kg of gold worth Rs 167 crore. Customs officers estimate that Ali earned appr...
- Gold smugglers target hapless Telangana labourers in GulfSince the outbreak of the COVID-19 pandemic, numerous individuals from rural areas of Telangana have ventured to Gulf countries in search o...
- Assam police nabs one more Maoist operativeThe NIA had on Sunday conducted searches in 17 different locations in Assam’s Cachar, Karimganj, Dibrugarh and Dhubri districts and also ar...
- Gold smugglers now prefer Europe over Gulf countries: CustomsRecent cases of gold seizure show that smugglers are opting for the European route and newer modus operandi, they said.
- Gold smugglers turn new-age alchemists to evade detection at airportsThe idea is to ensure that gold, in the new form, is concealed in a hard metallic device or container and goes undetected by scanners.
- YV Reddy wants gold's status in black & whiteReddy says it was confiscated gold from smugglers that was pledged in the international market to tide over the Balance of Payments (BoP) c...
- Time to come out with comprehensive gold policy: Y V ReddyRecalling the experiences faced by the Centre in 1990, he said the govt had very little gold of its own and most of the metal put out in th...
- Majority of gold from Dubai and Singapore smuggled into IndiaWith demand for gold increasing in the country, majority of gold from Dubai and Singapore are being smuggled into India due to the price di...
- Restrictions on gold import: Smugglers resort to ingenious methods to sneak in the yellow metalAs long as the restrictions on import of gold remain, there will be no stopping this clandestine flow of the metal, according to authoritie...
- Ahead of polls, black money comes to Tamil Nadu as goldThe trend had caught the attention of the EC and Coast Guard was alerted about it, said Tamil Nadu chief electoral officer Praveen Kumar.
- Gold smugglers turn creative to beat lawAs gold smuggling reaches unprecedented high and authorities crack down, smugglers are devising ever-new ways to bring in the yellow metal.
- Import Duty triggers rise in crimeThe 10 per cent import duty on gold spurs unprecedented smuggling. Smugglers are skipping the traditional routes and tapping into fake curr...
- 80% dip in gold imports linked to rampant smugglingIn the last two months alone, Indian agencies have siezed 150 consignments of gold totaling over 500kg at various airports and sea ports.
- Smugglers use Sri Lanka as transit point to pump in goldIn the past month, bureau of immigration officials at Chennai airport arrested 13 people, including several Sri Lankan Tamils, and seized 3...
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