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GOLD SEIZURES IN INDIA
Dalal Street set for negative opening as GIFT Nifty trades lowerNifty closed at 23,690 on Thursday. IT shares faced pressure from global AI competition. Markets will watch West Asia conflict, energy pric...15 May, 2026, 07.12 AM IST- Brace for higher gold prices and supply boom in grey markets after customs duty hike: SBI report15% customs duty hike on gold imports is expected to raise domestic prices and potentially divert supplies through unofficial channels, acc...14 May, 2026, 11.04 AM IST
- D-Street set for a bright start as GIFT Nifty signals gains; key levels to watchIndian markets faced pressure on Thursday due to escalating West Asian tensions, with analysts expecting continued weakness. Stalled US-Ira...24 Apr, 2026, 07.22 AM IST
- West Bengal polls: Asset declaration of Trinamool nominee under I-T probeThe Income-Tax Department is probing Trinamool Congress MLA Debasish Kumar over alleged asset discrepancies after searches uncovered jewell...22 Apr, 2026, 01.03 AM IST
- Gold holding above 100g: Can it be seized by income tax department if you don’t have right papers? Check varying limits for men and womenIndia has no legal limit on gold ownership, provided its source is declared income. While CBDT offers seizure guidelines for specific gold ...20 Mar, 2026, 03.33 PM IST
- Custom officials have to ascertain purity and value of seized goldNormally, when customs officials seize gold, they hand it over to the Reserve Bank of India (RBI) via SPMCIL on a quarterly basis, through ...16 Sep, 2022, 04.52 PM IST
- India gold smuggling slowed by election seizures of cash, bullionDealers were charging a premium of up to $2.50 an ounce over official domestic prices, the highest in nearly five months.16 Apr, 2019, 09.17 AM IST
- 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.12 Nov, 2017, 04.10 PM IST
- High customs duty on gold fuels smugglingThe high rate of customs duty on gold may have acted as a deterrent for imports but it resulted in large-scale smuggling.26 Aug, 2015, 11.24 AM IST
- Gold smuggling in India makes a new record, crosses Rs 1,000 croreGold smuggling is at all-time high in India as seizure in illicit trade has crossed Rs 1,000 cr mark in one financial year.28 May, 2015, 10.08 AM IST
- Gold smuggling at all-time high, seizures total Rs 1,000 croreIn two years, since government increased duty on gold to 10% to rein in a yawning current account deficit, gold smuggling has grown by 900%.27 May, 2015, 10.45 AM IST
- 87kg gold seizure in West Bengal's Siliguri is country’s biggestIn the largest ever gold seizure by law enforcement agencies in the country, officers of the Directorate of Revenue Intelligence have seize...29 Mar, 2015, 10.35 AM IST
- Gold import curbs may have led to rise in smuggling activityGold worth Rs 931.55 crore has been seized by customs authorities and Directorate of Revenue Intelligence during the April-January 2015.20 Mar, 2015, 04.23 PM IST
- Smuggled gold seizures rise four-fold in first half of FY15"Increase in the gold import this year compared to the last year during same period may be attributed to higher domestic demand," Sinha sai...19 Dec, 2014, 07.48 PM IST
- Gold haul up 5-fold to Rs 565 crore in 2013-14Sources said the value of gold actually smuggled could be over 10-20 times this amount. Some estimates put seizures at 1-2% of actual smugg...28 Apr, 2014, 08.49 AM IST
- Spurt in gold smuggling; yellow metal worth Rs 245 crore seizedAs many as 700 cases of gold smuggling have been reported across the country so far during 2013-14, official sources said.26 Jan, 2014, 09.47 AM IST
- Government asks agencies to step up vigil to check gold smugglinghe government has asked its agencies to step up vigil on international borders to check spurt in gold smuggling, Parliament was informed to...20 Dec, 2012, 04.08 PM IST
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