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GOLD SMUGGLING IN MUMBAI
Model arrested at Mumbai airport with ganja worth ₹11.82 crore arriving from ThailandMumbai Customs officials apprehended a model at Chhatrapati Shivaji Maharaj International Airport. She arrived from Thailand and was found ...- 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 ...
- 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...
- Maharashtra CM Fadnavis travels to Shirdi via Vande Bharat train after PM Modi's appeal on fuel conservationMaharashtra CM Devendra Fadnavis traveled to Shirdi via Vande Bharat Express, aligning with PM Modi's call for reduced fuel consumption and...
- Import duty hike to decrease India's gold demand by 50-60 tonnes in 2026India's gold demand faces a significant drop this year. The World Gold Council predicts a contraction of 50 to 60 tonnes. This decline foll...
- Duty hike may bring out more old gold into marketIndustry executives said promoting sales of lower carat jewellery like 14K and 9K can reduce imports by 20-30%, and discouraging investment...
- Outward remittances: NBFCs don't need prior RBI nod for dealer tie-upsThe framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at re...
- Gold discounts in India hit record at $200/ounce as duty hike sparks sellingIndia's gold discounts hit a record over $200 an ounce Wednesday. This followed a sharp import duty increase to 15%. Higher local prices pr...
- Explainer: Why India's higher tariffs are unlikely to dent gold, silver demandIndia has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves....
- 22k gold rate today: Check 24k, 22k, 18k gold prices (May 13, 2026) on IBJA, Malabar Gold & Diamonds, Joyalukkas, Tanishq and Kalyan JewellersGold prices surged on Wednesday, May 13, 2026, following a government increase in customs duty from 6% to 15% to curb imports. This duty hi...
- Gold import duty hike to hurt jewellery trade, spur grey market: GJCGold import duty hike: The Indian gems and jewellery sector anticipates difficulties following a significant increase in gold import duty t...
- Gold jewellery to get costlier: Here's how much more you need to pay on your next purchaseIndia has significantly raised import duties on gold and silver. This move aims to reduce foreign exchange outflow and ease pressure on res...
- Mumbai airport: 30 kg gold worth Rs 38 crore caught by customs from 24 women. Here's how they concealed gold bars and jewelleryThe Directorate of Revenue Intelligence (DRI) seized 29.37 kg of gold worth Rs 37.74 crore and arrested 24 carriers at Mumbai Airport. This...
- Passenger held with Rs 6.3 crore gold hidden in his shoes at Mumbai airportDRI officials at Mumbai airport apprehended a passenger arriving from Bangkok, discovering 6.7 kg of concealed gold bars worth Rs 6.3 crore...
- Nirmala Sitharaman applauds Mumbai airport customs for seizing smuggled gold worth Rs 1.48 croreCustoms officials at Mumbai's CSMI Airport seized over 2 kg of smuggled gold worth ₹1.48 crore in two separate incidents. One passenger con...
- Myanmar, Bangladesh new favoured route for gold smugglersDRI seized 212 kilos of contraband gold in Mumbai in fiscal year 2019 (FY19) and, in the current fiscal to date, the tally in the city stan...
- Advanced electronic system at airports to check smugglingAn advanced electronic system has been made operational at five international airports across the country to keep tabs on suspicious passen...
- Steep duty spurs smuggling of goldWith a rise in customs duty on gold imports, smugglers have been resorting to extreme measures to sneak in small amounts of the precious me...
- 'Black gold' fuels smuggling businessGone are the days when smugglers used to deal in gold and hawala. Now it's diesel and kerosene.
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