16 Oct 2025 | 3 Mins Read
Gold smuggling escalates in India ahead of festivals
Flipitmoney
Gold smuggling into India has spiked ahead of festivals due to record-high prices, with strong demand and limited supply making smuggling "super tempting." Indian gold prices hit a record 128,395 rupees per 10 grams, and smuggling a kilogram of gold yields a lucrative margin exceeding 1.15 million rupees, despite a 6% import duty.